Buy Naturalgas Jan @ 352 SL 345 TGT 360-368. MCX - Kedia Advisory
Crudeoil
Observations
Crudeoil trading range for the day is 6635-7057.
Crude oil dropped with Yemen's Houthi militia expected to halt attacks on ships in the Red Sea.
The IEA forecasts a slightly tighter oil market this year than previously expected.
EIA data also showed an eighth consecutive weekly decline in commercial crude inventories, reaching their lowest level since April 2022.
OPEC upheld its forecast for global oil demand to increase by 1.43 million barrels per day in 2026, reflecting steady growth from 2025.
SELL CRUDEOIL JAN @ 6880 SL 6980 TGT 6780-6680. MCX
Naturalgas
Observations
Naturalgas trading range for the day is 341.2-369.4.
Natural gas rose on forecasts for colder weather than previously expected over the weekend.
Meteorologists expect coldest weather in years over US Martin Luther King Jr holiday weekend
Cold expected to cut gas output by freezing wells over holiday weekend
LNG export feedgas on track to hit record high
BUY NATURALGAS JAN @ 352 SL 345 TGT 360-368. MCX
