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Crudeoil

SELL CRUDEOIL FEB @ 5460 SL 5550 TGT 5350-5280. MCX

Observations

Crudeoil trading range for the day is 5319-5487.

Crude oil fell as civil unrest in Iran subsided, lowering the chance of a U.S. attack that could disrupt supply.

Kazakh oil producer Tengizchevroil, led by Chevron said that it had temporarily halted production. U.S.

crude production will ease in 2026 and 2027 after reaching a record high in 2025, while petroleum demand will hold steady this year.

China's crude oil imports in December rose 17% from a year earlier while total imports in 2025 were up 4.4%.

Natural Gas

BUY NATURALGAS JAN @ 327 SL 320 TGT 336-342. MCX

Observations

Naturalgas trading range for the day is 263.8-372.4.

Natural gas rose after the weather outlook for late January shifted colder.

Forecasts showed blasts of Arctic air sweeping the East Coast and Midwest from January 26 to February 1.

The combination of rising domestic consumption expectations and alerts from grid operators underpins the price gains.

The number of rigs drilling for natural gas in the United States fell by 2 to 122.