Sell Crudeoil Jan 2022 @ 5690 SL 5780 TGT 5590-5540.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CRUDEOIL
Crude oil trading range for the day is 5488-5790.
Crude oil gained amid hopes the OPEC+ will stick to their plan to raise monthly crude production by the previously decided
OPEC+ report sees short-lived, mild impact from Omicron variant
Speculators raise U.S. crude oil net longs – CFTC
Oman will seek to produce 1.05 million barrels a day in 2022, according to a finance ministry statement reported by the Times of Oman.
SELL CRUDEOIL JAN 2022 @ 5690 SL 5780 TGT 5590-5540.MCX
NATURAL GAS
Natural gas trading range for the day is 269.1-285.5.
Natural gas gained on forecasts for more demand this week and a decline in output over the past few days.
Mild temperatures are also forecast in Europe at a time when the continent is receiving more supplies, reducing demand.
Still, government data showed natural gas stockpiles shrank by 136 bcf last week, more than market forecasts of 125 bcf
Data provider Refinitiv estimated 462 heating degree days (HDDs) over the next two weeks in the Lower 48 U.S. states
BUY NAT GAS JAN 2022 @ 272.00 SL 264.00 TGT 280.00-285.00.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
