Buy Natural Gas OCT @ 300 SL 296 TGT 304-307. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL OCT @ 8980 SL 9080 TGT 8880-8780. MCX
Observations
Crudeoil trading range for the day is 8484-9246.
Crude oil gained as escalating Middle East tensions heightened concerns over regional security.
OPEC cuts 2026 oil demand growth forecast to 400,000 bpd, sees pent – up demand in 2027
Goldman Sachs lifts December 2026 Brent price forecast to $90/bbl For the week ending Oct. 6, speculators reduced
WTI crude net-long positions by 19,516 contracts to 111,635.
NATURALGAS
BUY NATURALGAS OCT @ 300 SL 296 TGT 304-307. MCX
Observations
Naturalgas trading range for the day is 290.5-315.7.
Natural gas dropped on profit booking after prices rose on supply disruptions in the Gulf of Mexico caused by Hurricane Isaias.
EIA data showed inventories rose by 85 Bcf in the week ending October 2, exceeding expectations of 79 Bcf.
LNG feedgas flows to major US export terminals averaged 17.1 bcfd so far in October, down from 18.0 bcfd in September
Net short positions held by speculative traders rose by 30,679 contracts to 111,835.
