Buy Crudeoil Feb @ 6150 SL 6050 TGT 6250-6350. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL FEB @ 6150 SL 6050 TGT 6250-6350. MCX
Observations
Crudeoil trading range for the day is 6103-6255.
Crude oil prices received support from a weaker U.S. dollar and reduced oil flows via the Caspian Pipeline Consortium (CPC).
Oil producer group OPEC+ is considering pushing back a series of monthly supply increases due to begin in April
Ukraine peace talks could pave way for Russia sanctions easing
Global oil demand on the rise, says JP Morgan
NATURAL GAS
SELL NATURALGAS FEB @ 318 SL 325 TGT 310-302. MCX
Observations
Naturalgas trading range for the day is 304.6-321.2.
Natural gas dropped on profit booking after prices gained on rising flows to LNG export plants
Freezing wells cut US output over past week.
US gas production still on track for record high in February
US LNG export feedgas on track for record high in February
