Buy Crudeoil Feb @ 6080 SL 6000 TGT 6180-6280. MCX - Kedia Advisory
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Energy Outlook.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Crude Oil
Observations:
Crudeoil trading range for the day is 6053-6199.
Crude oil rose as U.S. production this year is expected to grow less than expected U.S.
EIA cut its forecast for domestic oil growth in 2024 by 120,000 bpd to 170,000 bpd U.S.
crude stocks rose while gasoline and distillate inventories fell Crude inventories rose by 5.5 million barrels to 427.4 million barrels in the week ended Feb. 2
BUY CRUDEOIL FEB @ 6080 SL 6000 TGT 6180-6280. MCX
Naturalgas
Observations:
Naturalgas trading range for the day is 160.4-173.4.
Natural gas dropped due to increased output and lower demand forecasts. Gas wells are returning to service after freezing during extreme cold in mid-January.
LNG feedgas remains low due to an ongoing unit outage at Freeport LNG's export plant in Texas.
EIA predicts that natural gas production and demand will reach record highs in 2024.
BUY NATURALGAS FEB @ 163 SL 160 TGT 167-170. MCX
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v89_Wex0B3E.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/religare broking.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/HDFC Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Zomato07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Piyush Goyal07.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul04v38_zDiylqc.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Prashant Thakur ANAROCK Group.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/jul03v152_BhgJWbe.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 - Axis Securities Ltd
![Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 04 July 2024 - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![Gold prices rose in Asian trade on Wednesday, seeing some relief as the dollar retreated on some positive comments from Federal Reserve Chair Jerome Powell - HDFC Securities](https://portfolio.investmentguruindia.com/uploads/news/HDFC Securities.jpg)
![Buy Turmeric Aug @ 15900 SL 15600 TGT 16300-16600. NCDEX - Kedia Advisory](https://portfolio.investmentguruindia.com/uploads/news/Kedia Spices Outlook.jpg)