Sell Crudeoil OCT 2021 @ 6120 SL 6195 TGT 6020-5960.MCX
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CRUDEOIL
Crude oil trading range for the day is 5980-6256.
Crude oil prices rose as an energy crisis grips major economies amid a pick-up in economic activity and restrained supplies from major producers.
Oil storage tank on fire in southern Lebanon
Kuwait drops crude prices for Asia for 2nd month in Nov
Drillers in the United States added five new oil wells last week for the fifth straight weekly increase in oil and gas rigs
SELL CRUDEOIL OCT 2021 @ 6120 SL 6195 TGT 6020-5960.MCX
NATURAL GAS
Natural gas trading range for the day is 378.6-450.8.
Natural gas fell on rising output and forecasts that milder than normal weather will continue through late October, keeping heating demand light
Pressure also mounting with U.S. gas production rising and heating demand expected to remain low for the rest of the month.
However downside seen limited amid expectations that insatiable global demand for the fuel would keep U.S
Data provider Refinitiv said gas output in the U.S. Lower 48 states rose to an average of 92.0 bcfd so far in October
SELL NAT GAS OCT 2021 @ 416.00 SL 432.00 TGT 400.00-394.00.MCX
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