Buy Natural Gas OCT @ 287 SL 284 TGT 290-293. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL OCT @ 8920 SL 9050 TGT 8750-8650. MCX
Observations
Crudeoil trading range for the day is 8331-9319.
Crude oil rose after China suspended oil products exports, potentially tightening fuel markets.
Crude inventories rose by 922,000 barrels to 427.3 million barrels, the EIA said.
US gasoline stocks fell by 1.7 million barrels in the week to 204.4 million barrels, the EIA said.
Goldman Sachs says Gulf shipments, including dark exports, returned to 2025 average levels
NATURALGAS
BUY NATURALGAS OCT @ 287 SL 284 TGT 290-293. MCX
Observations
Naturalgas trading range for the day is 281.5-295.1.
Natural gas eased on expectations output will rise and the weather will remain mild, keeping heating and cooling demand low.
EIA says utilities add 64 bcf of gas to storage in week ended September 25
LSEG forecasts mostly normal weather through Oct. 16, limiting heating and cooling needs
Average gas output in the US Lower 48 states held at 113.3 billion cubic feet per day (bcfd) in September
