Buy Natural Gas Sep @ 270 SL 265 TGT 275-280. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL SEP @ 5450 SL 5380 TGT 5550-5620. MCX
Observations
Crudeoil trading range for the day is 5389-5633.
Crude rises as OPEC+ limits output hike, fears of new US Russian oil sanctions
China stockpiling at a rate of 530,000 bpd so far this year, S&P Global says
OPEC+ agreed to raise output by 137,000 barrels per day from October
Goldman Sachs expects slightly larger oil surplus in 2026
NATURALGAS
BUY NATURALGAS SEP @ 270 SL 265 TGT 275-280. MCX
Observations
Naturalgas trading range for the day is 265.4-285.8.
Natural gas climbed on recent declines in output and an increase in flows to LNG export plants.
However upside seen limited amid forecasts for lower demand over the next two weeks and ample supplies of gas in storage.
Average gas output fell to 107.7 bcfd so far in September, down from a record monthly high of 108.3 bcfd in August
There was about 6% more gas in storage than normal for this time of year.
