Sell Crudeoil Oct 2021 @ 5250 SL 5300 TGT 5140-5180.MCX
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CRUDEOIL
Crude oil trading range for the day is 5064-5348
Crude oil dropped as worries about a likely slowdown in global economic growth raised concerns about the outlook for energy demand.
Russia hikes 2022 oil exports forecast to 273.8 mln T
OPEC+ compliance with oil cuts rises to 116% in August
The oil and gas rig count in the U.S. increased by nine to 512 in the week to September 17, the highest level since April 2020
SELL CRUDEOIL OCT 2021 @ 5250 SL 5300 TGT 5140-5180.MCX
NATURAL GAS
Natural gas trading range for the day is 336.4-380.
Natural gas slipped on forecasts mild weather will decrease air conditioning demand over the next week by more than previously expected
IEA: Russia has the capacity to do more to increase gas supplies to Europe.
U.S. gas stockpiles were about 7.1% below their five-year normal for this time of year.
Refinitiv said gas output in the U.S. Lower 48 states fell to an average of 90.6 bcfd so far in September, down from 92.0 bcfd in August
SELL NAT GAS SEP 2021 @ 378.00 SL 386.00 TGT 370.00-364.00.MCX
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