Sell Crudeoil Feb 2022 @ 6900 SL 7020 TGT 6750-6680.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6705-6949.
Crude oil falls on positive signals from U.S.-Iran talks
OPEC+ are struggling to meet targets despite pressure from top consumers to raise production more quickly.
Speculators raise U.S. crude oil net longs
Saudi Arabia raises March crude prices to Asia
SELL CRUDEOIL FEB 2022 @ 6900 SL 7020 TGT 6750-6680.MCX
NATURAL GAS
Natural gas trading range for the day is 291-346.6.
Natural gas fell as output slowly recovers from last week's freezing weather and on forecasts for less cold and lower heating demand
Russia to supply more gas to China via new pipeline
U.S. speculators last week boosted their net long futures and options positions to the highest since October 2021
Output in the U.S. Lower 48 states fell from a record 97.3 bcfd in December to 93.9 bcfd in January and 89.9 bcfd so far in February
BUY NAT GAS FEB 2022 @ 312.00 SL 302.00 TGT 324.00-334.00.MCX
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