Buy Natural Gas Dec @ 416 SL 410 TGT 422-428. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL DEC @ 5200 SL 5120 TGT 5280-5350. MCX
Observations
Crudeoil trading range for the day is 5149-5337.
Crude oil dropped as investors watched for progress in Russia-Ukraine peace talks and awaited a decision on U.S. interest rates.
US energy officials projected that domestic oil output will rise to a record 13.6 million barrels per day this year.
API data showed a 4.8-million-barrel decline in US crude inventories last week, while gasoline and distillate stockpiles rose sharply.
Traders are now looking ahead to key reports from the IEA and OPEC later this week for clearer market signals.
NATURALGAS
BUY NATURALGAS DEC @ 416 SL 410 TGT 422-428. MCX
Observations
Naturalgas trading range for the day is 393.5-436.3.
Natural gas dropped on near-record output, ample amounts of gas in storage.
Near-record gas output allows for increased storage levels
Meteorologists project mild US weather through late
December Global gas prices at 19-month lows on Ukraine peace talks, mild winter
