Buy Crude Oil NOV @ 9600 SL BELOW 9500 TGT 9800. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL NOV @ 9600 SL BELOW 9500 TGT 9800. MCX
Observations
Crude Oil trading range for the day is 9440-9970.
Crude oil prices fell amid hopes of easing hostilities between the United States and Iran.
Qatari mediators travel to Tehran to de-escalate tensions, official briefed on situation says
Top officials from Saudi Arabia, Turkey, Pakistan to meet Iran's leaders in Tehran
Saudi Aramco to start storing crude in Singapore from second half of 2027
NATURALGAS
BUY NATURALGAS NOV @ 286 SL BELOW 280 TGT 298. MCX
Observations
Natural Gas trading range for the day is 281.50-299.50.
Natural gas prices dropped as warm weather forecasts dampened expectations for near-term heating demand.
Prices faced pressure from a recovery in daily production, with output across the US Lower 48 states averaging around 113.3. bcfd
Meteorologists expect temperatures to remain above normal, likely keeping heating demand subdued.
Average gas flows to the nine major LNG export terminals rose to 18.2 bcfd so far in October, up from 17.9 bcfd in September
