Buy Natural Gas Jan @ 280 SL 275 TGT 286-292. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL FEB @ 5400 SL 5320 TGT 5480-5560. MCX
Observations
Crudeoil trading range for the day is 5292-5554.
Crude oil prices rose as supply risks remained in focus despite the receding likelihood of a U.S. military strike against Iran.
Investors continue to weigh the potential for supply outages should tensions in the Middle East escalate.
President Trump has temporarily pulled back from threats to strike Iran. U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025.
NATURALGAS
BUY NATURALGAS JAN @ 280 SL 275 TGT 286-292. MCX
Observations
Naturalgas trading range for the day is 264.3-301.9.
Natural gas dropped after storage data showed a much smaller withdrawal than expected.
Adding pressure, flows to LNG export plants slipped in recent days, reducing a key source of demand for US gas.
US energy firms withdrew 71 bcf of natural gas from storage, well below market expectations for a 90 bcf draw.
U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. EIA said.
