Buy NaturalGas Dec @ 280 SL 275 TGT 285-290. MCX - Kedia Advisory
CRUDE OIL
Observations
Crudeoil trading range for the day is 5797-6015.
Crude oil gains as demand prospects brightened and investors anticipated a Federal Reserve rate cut next week.
OPEC said it now expects 2024 global oil demand to rise by 1.61 mbpd, down from its forecast of 1.82 mbpd last month.
US net crude oil imports to fall by 20% in 2025 to lowest since 1971, EIA says Azerbaijan's oil output fell by 4% in Jan – Nov, energy minister says
BUY CRUDEOIL DEC @ 5880 SL 5800 TGT 5980-6050. MCX
NATURAL GAS
Observations
Naturalgas trading range for the day is 262.6-299.8.
Natural gas climbed on forecasts for colder weather and higher heating demand Average gas output in the Lower 48 U.S. states rose to 102.8 bcfd so far in December, up from 101.5 bcfd in November.
U.S. January futures premium over February near record high U.S. March-April 'widow maker' futures spread remains in unusual contango
BUY NATURALGAS DEC @ 280 SL 275 TGT 285-290. MCX
