Buy Natural Gas OCT @ 302 SL BELOW 298 TGT 310. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL NOV @ 9050 SL ABOVE 9150 TGT 8850. MCX
Observations
Crude Oil trading range for the day is 8805-9175.
Crude oil rose after an attack on the headquarters of Saudi Arabia's state-owned oil company.
IEA says Russian oil output up 65,000 bpd in September, still down on the year China September crude oil imports down 2.2% from August
Kazakh oil exports via the CPC system fell to 5.2 million metric tons in September, from 5.7 million tons in Augus
NATURALGAS
BUY NATURALGAS OCT @ 302 SL BELOW 298 TGT 310. MCX
Observations
Natural Gas trading range for the day is 292.00-323.50.
Natural gas eased on a small increase in daily output and forecasts for mild weather and less demand.
US storage likely slipped to 1.6% above five-year average in week ended October 9, analysts estimate
Feedgas to nine major LNG plants averaged 17.5 bcfd in October, below September
US prices stayed muted despite Europe and Asia benchmarks near multi-year highs
