Buy Natural Gas JAN @ 303 SL 298 TGT 310-315. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL JAN @ 5250 SL 5340 TGT 5150-5070. MCX
Observations
Crudeoil trading range for the day is 5132-5356.
Crude fell on profit-taking as markets assessed U.S. action in Venezuela and broader geopolitical risks.
OPEC+ kept oil output unchanged after avoiding discussions of the multiple political crises affecting the producer group's members.
President Trump had that the U.S. could impose further increases to import tariffs on India over its Russian oil purchases.
Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 575,000 bpd in February
NATURALGAS
BUY NATURALGAS JAN @ 303 SL 298 TGT 310-315. MCX
Observations
Naturalgas trading range for the day is 294.8-320.6.
Natural gas slid pressured by forecasts pointing to warmer temperatures.
Above-normal readings are expected to dominate the eastern two-thirds of the country from January 7–11
Natural gas output in the lower 48 U.S. states climbed to 109.2 billion cubic feet per day in January
Average gas flows to the eight large U.S. LNG export facilities climbed to 18.8 bcfd so far in January.
