Buy Natural gas Jan @ 296 SL 290 TGT 303-309. MCX - Kedia Advisory
Crude oil
SELL CRUDEOIL JAN @ 5360 SL 5460 TGT 5260-5150. MCX
Observations
Crudeoil trading range for the day is 5237-5413.
Crude oil fell as the potential resumption of Venezuelan oil exports outweighed concerns over supply disruptions.
Investors are also watching the risk of disruptions in supply from Russia, amid Ukraine's attacks targeting its energy facilities.
Goldman Sachs maintained its 2026 average price forecasts of $56/$52 per barrel for Brent/WTI.
Indonesia produced 605,300 barrels of oil per day in 2025, slightly above the 605,000 bpd targeted in the state budget.
Natural gas
BUY NATURALGAS JAN @ 296 SL 290 TGT 303-309. MCX
Observations
Naturalgas trading range for the day is 282-317.2.
Natural gas rose as new weather forecasts showed colder conditions developing across much of the country.
U.S. natural gas prices at the Henry Hub benchmark in Louisiana will rise to an average of $3.96 per mmBtu in 2026.
The number of rigs drilling for natural gas in the United States fell by 1 to 124.
Average gas output in the Lower 48 states fell to 109.1 bcfd so far in January, down from a monthly record high of 109.7 bcfd in December.
