Sell Nat Gas Feb 2022 @ 346.00 SL 360.00 TGT 332.00-325.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6571-7067.
Crude oil rose amid doubts over a summit between US President Biden and Russian President Putin that could solve the conflict in Ukraine.
Arab oil producers say OPEC+ should stick to current output agreement
Saudi crude production exceeds 10 mln bpd in Dec; exports dip
OPEC+ compliance rises to 129% in January
BUY CRUDEOIL MAR 2022 @ 6800 SL 6720 TGT 6880-6950.MCX
NATURAL GAS
Natural gas trading range for the day is 333.5-374.5.
Natural gas rose on record LNG exports and a forecast for much colder weather and higher heating demand in two weeks' time.
The United States and Europe have said they would sanction Russia if it invaded Ukraine, likely prompting Russia to cut some gas exports to Europe.
Russia provides around 30-40% of Europe's gas supplies, totaling about 16.3 billion cubic feet per day (bcfd) in 2021
Russia ready to increase gas supplies to Italy
SELL NAT GAS FEB 2022 @ 346.00 SL 360.00 TGT 332.00-325.00.MCX
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