Buy Natural Gas FEB @ 127 SL 124 TGT 131-133. MCX - Kedia Advisory
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CRUDE OIL
Observation
Crudeoil trading range for the day is 6418-6582.
Crude oil gains as conflict in the Middle East continued over the weekend
Oil output in North Dakota fell in Dec., despite record well count
US oil output from top shale regions to rise in March – EIA Iraq committed to OPEC, will not produce more than 4 mln bpd -minister
BUY CRUDEOIL MAR @ 6450 SL 6350 TGT 6550-6650. MCX
NATURAL GAS
Observations
Naturalgas trading range for the day is 126.6-133.8.
Natural gas dropped driven by near-record production, abundant fuel storage.
Technical issues at Freeport LNG's export facility have limited gas flow to LNG export terminals
Gas output in February increased to an average of 105.8 bcfd compared to 102.1 bcfd in January
Meteorologists predict that the weather will continue to be milder than normal until March 1.
BUY NATURALGAS FEB @ 127 SL 124 TGT 131-133. MCX
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Buy Gold Above 72500 SL Below 72300 TGT 72800/73100 - Axis Securities Ltd
