BUY NATURALGAS DEC @ 192 SL 188 TGT 198-202. MCX - Kedia Advisory
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CRUDE OIL
Crudeoil trading range for the day is 5592-5914.
Crude oil rose as OPEC issued its report where it sticks to a shortfall in the coming quarters.
OPEC maintains cautious optimism for 2024 in latest report
Crude oil inventories in the US fell by 4.259 million barrels - EIA API shows US crude inventories fall, fuel stocks rise
BUY CRUDEOIL DEC @ 5750 SL 5650 TGT 5850-5950. MCX
NATURAL GAS
Naturalgas trading range for the day is 181.8-206.6.
Natural gas edged up on raised demand forecasts for this week, and as record amounts of gas flowed to LNG export plants.
That price increase came despite record output and forecasts for mild weather and lower heating demand next week
Meteorologists predicted that warmer-than-usual weather conditions would persist through December 27.
Average gas output in the Lower 48 U.S. states rose to 108.4 bcfd so far in December from a record 108.3 bcfd in November
BUY NATURALGAS DEC @ 192 SL 188 TGT 198-202. MCX
