Buy Natural Gas JAN @ 300 SL 295 TGT 305-310. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL JAN @ 5450 SL 5350 TGT 5550-5650. MCX
Observations
Crudeoil trading range for the day is 5278-5676.
Crude oil prices gained amid heightened concerns surrounding major producer Iran and potential supply disruptions
Two oil tankers were attacked near the Black Sea loading terminal for the Caspian Pipeline Consortium.
Brent crude oil's premium to Middle East benchmark Dubai rose to its highest since July.
Markets are also grappling with concern over additional crude supply hitting the market with a resumption in Venezuelan exports
NATURALGAS
BUY NATURALGAS JAN @ 300 SL 295 TGT 305-310. MCX
Observations
Naturalgas trading range for the day is 288.7-324.3.
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.
