Buy Natural gas Oct@ 286 SL 280 TGT 292-298. MCX -Kedia Advisor
CRUDE OIL
SELL CRUDEOIL OCT @ 5500 SL 5580 TGT 5420-5350. MCX
Observations
Crudeoil trading range for the day is 5365-5639.
Crudeoil dropped as investors weighed a ceasefire deal in Gaza that could ease tensions in the Middle East.
US crude inventories rose for a second consecutive week but remained close to seasonal lows, according to EIA data.
Stockpiles at the Cushing hub and refined product inventories declined, while total petroleum products supplied, climbed to 21.99 mbpd.
Goldman Sachs said it saw an inventory build of 1.5 million bpd in the last quarter despite strong seasonal demand.
NATURAL GAS
BUY NATURALGAS OCT @ 286 SL 280 TGT 292-298. MCX
Observations
Naturalgas trading range for the day is 282.7-305.5.
Natural gas eased on a slightly bigger than expected storage build and a smaller decline in daily output than expected.
That decline came despite forecasts for cooler, more near-normal weather and higher demand over the next two weeks than previously projected.
US utilities added 80 billion cubic feet of gas into storage during the week that ended October 3, 2025.
Average gas output in the Lower 48 states fell to 106.3 b so far in October, dowcfdn from 107.4 bcfd in September
