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CRUDE OIL

BUY CRUDEOIL FEB @ 5450 SL 5350 TGT 5550-5650. MCX

Observations

Crudeoil trading range for the day is 5279-5483.

Crude oil fell as geopolitical risk eased after Trump softened threats of possible U.S. military action against Iran

Venezuela has begun reversing oil production cuts made under a U.S. embargo, with crude exports also resuming.

US crude output to ease in 2026, while demand remains flat, says EIA data

China's crude oil imports in December rose 17% from a year earlier while total imports in 2025 were up 4.4%

NATURALGAS

BUY NATURALGAS JAN @ 300 SL 295 TGT 305-310. MCX

Observations

Naturalgas trading range for the day is 263.7-300.7.

Natural gas edged up on record flows to LNG export plants and forecasts for colder weather.

Deliveries to Freeport are expected to edge up toward 1.4 bcfd, up from 0.7 bcfd.

Domestic production has eased slightly, averaging 109.3 bcfd in January, down from December’s record.

Weather forecasts remain supportive, with colder-than-normal temperatures expected across much of the US through January 29.