Sell Nat Gas Dec 2022 @ 560.00 SL 580.00 TGT 530.00-515.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6013-6455.
Crude oil dropped as concerns about recession-driven demand downturn, particularly among advanced economies
Global industrial activity remains weak, especially in the US and Europe, with tightening financial conditions denting economic activity
U.S. crude stocks soar by more than 10 mln barrels – EIA
OPEC's U.S. shale worries subside as it cuts forecast
BUY CRUDEOIL JAN 2023 @ 6100 SL 6000 TGT 6220-6300.MCX
NATURAL GAS
Natural gas trading range for the day is 505.9-584.3.
Natural gas dropped as forecasts for milder weather and lower heating demand in late December rattled investors.
Recent data showed that natural gas flowing towards US LNG terminals rose to 13 bcf per day, the most since June
Downside seen limited amid decline in production as extreme cold from North Dakota to Texas caused oil and gas wells to freeze.
The Freeport LNG export plant in Texas, expects to begin bringing operations back online by year's end.
SELL NAT GAS DEC 2022 @ 560.00 SL 580.00 TGT 530.00-515.00.MCX
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