Sell Nat Gas DEC 2021 @ 295.00 SL 302.00 TGT 286.00-282.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5244-5566.
Crude oil prices dipped as surging cases of the Omicron coronavirus variant raised fears that new curbs may hit fuel demand.
OPEC+ said they could meet ahead of their scheduled Jan. 4 meeting if changes in the demand outlook warrant a review of their plans
Goldman Sachs expects oil demand to hit record levels in 2022, 2023
Russia's crude oil export and transit set to fall 1.7% in Q1 2022 vs Q4 2021
BUY CRUDEOIL JAN 2022 @ 5480 SL 5400 TGT 5560-5600.MCX
NATURAL GAS
Natural gas trading range for the day is 269.5-299.3.
Natural gas fell on record output and forecasts for milder weather through late December than previously expected.
The U.S. Energy Information Administration (EIA) said utilities pulled 88 billion cubic feet (bcf) of gas from storage during the week ended Dec. 10.
US natural gas production to hit new monthly record high in 2022, EIA reports
Data provider Refinitiv said output in the U.S. Lower 48 states has averaged 96.8 billion cubic feet per day (bcfd) so far in December
SELL NAT GAS DEC 2021 @ 295.00 SL 302.00 TGT 286.00-282.00.MCX
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