Buy Naturalgas OCT @ 240 SL 235 TGT 246-250. MCX - Kedia Advisory
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Crudeoil
Observations
Crudeoil trading range for the day is 7436-7978.
Crude oil prices fell on profit booking after prices rallied after drop in crude inventories.
US crude stockpiles fall as Cushing continues to drain -EIA
Cushing's low levels spur quality, operational, price worries
WTI/Brent spread narrowest since April
SELL CRUDEOIL OCT @ 7700 SL 7800 TGT 7600-7500. MCX
Naturalgas
Observations
Naturalgas trading range for the day is 235.5-252.9.
Natural gas gains on a decline in output, forecasts for more demand
That increase came despite a slightly bigger-than-expected storage build last week
EIA said utilities added 90 billion cubic feet (bcf) of gas into storage during the week ended Sept. 22.
Meteorologists forecast the weather in the lower 48 states would remain warmer than normal through Oct. 6
BUY NATURALGAS OCT @ 240 SL 235 TGT 246-250. MCX
