BUY NATURALGAS FEB @ 282 SL 276 TGT 288-294. MCX-Kedia Advisory
Crudeoil
SELL CRUDEOIL FEB @ 5920 SL 6020 TGT 5820-5720. MCX
Observations
Crudeoil trading range for the day is 5604-6026.
Crude oil rose as markets continued to gauge their appropriate risk premium.
Saudi Arabia cut prices for its main crude grade sold to Asia to the lowest level since late 2020, signaling oversupply.
IEA revised its 2026 global oil demand growth forecasts higher.
U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025.
Natural Gas
BUY NATURALGAS FEB @ 282 SL 276 TGT 288-294. MCX
Observations
Naturalgas trading range for the day is 262.9-327.3.
Natural gas eased on rising output and forecasts for mild weather over the next two weeks.
Energy firms pulled a record 360 bcf of gas out of storage during the week.
The number of rigs drilling for natural gas in the United States rose by 5 to 130.
Russia's production of natural gas in 2025 declined by 3.1% year-on-year to 561 billion cubic metres.
