Buy Natural Gas JAN @ 432 SL 422 TGT 442-450. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL FEB @ 5600 SL 5680 TGT 5520-5440. MCX
Observations
Crudeoil trading range for the day is 5392-5696.
Crude oil prices rose as investors assessed a temporary shutdown at two large fields in Kazakhstan.
OPEC+ producer Kazakhstan halted output at the Tengiz and Korolev oilfields due to power distribution issues.
IEA revised its 2026 global oil demand growth forecasts, suggesting a slightly narrower surplus for the market this year.
China's crude oil imports in December rose 17% from a year earlier while total imports in 2025 were up 4.4%, government data showed.
NATURALGAS
BUY NATURALGAS JAN @ 432 SL 422 TGT 442-450. MCX
Observations
Naturalgas trading range for the day is 316-517.4.
Natural gas rose as weather forecasts shifted sharply colder.
Forecasts over the long US holiday weekend turned much colder, calling for a deep and widespread Arctic freeze.
The colder outlook points to sustained heating demand and rising risks of production losses from freeze offs, potentially erasing the recent storage surplus.
Gas flows have also been diverted from LNG export facilities to meet domestic demand.
