Buy Natural gas Dec@ 377 SL 372 TGT 383-388. MCX - Kedia Advisory
Crude oil
BUY CRUDEOIL DEC @ 5140 SL 5070 TGT 5210-5280. MCX
Observations
Crudeoil trading range for the day is 5084-5330.
Crude oil dropped following reports that President Trump’s Ukraine peace plan proposal includes restoring Russian energy to Europe
IEA lifted its 2026 global oil demand growth forecasts while trimming its supply growth predictions in its latest monthly oil market report.
OPEC says OPEC+ raised output in November, leaves demand view steady
Demand for OPEC+ crude will average 42.6 mbpd in the first quarter of 2026 and 43 million bpd for the full year – OPEC
Natural gas
BUY NATURALGAS DEC @ 377 SL 372 TGT 383-388. MCX
Observations
Naturalgas trading range for the day is 355.5-430.1.
Natural gas dropped amid near-record output, ample amounts of gas in storage and lower prices around the world.
US energy firms withdrew 177 bcf of natural gas from domestic storages for a total stock of 3,746 bcf.
U.S. natural gas output and demand will both rise to record highs in 2025 – EIA
EIA projected dry gas production will rise from 103.2 bcfd in 2024 to 107.7 bcfd in 2025 and 109.1 bcfd in 2026.
