Buy Naturalgas JAN @ 210 SL 205 TGT 215-220. MCX - Kedia Advisory
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CRUDEOIL
Observations
Crudeoil trading range for the day is 5941-6079.
Crude oil gains despite as concerns eased about shipping disruptions along the Red Sea route.
US crude oil inventories rise the most in 5 weeks : API US buys 3 million barrels of oil for strategic reserve
Exports of four main Nigerian crude oil grades in February are set to average about 657,000 bpd.
BUY CRUDEOIL JAN @ 6000 SL 5900 TGT 6100-6200. MCX
NATURALGAS
Naturalgas trading range for the day is 207.5-217.9.
Natural gas gains boosted by forecasts for colder weather that would boost heating demand
US utilities pulled 87 billion cubic feet of natural gas from storages during the week that ended December 22, 2023
U.S. gas demand in the Lower 48, including exports, at 120.5 bcfd this week
Average gas output in the Lower 48 U.S. states has risen to 108.7 bcfd so far in December
BUY NATURALGAS JAN @ 210 SL 205 TGT 215-220. MCX
