Buy NaturalGas Oct @ 310 SL 305 TGT 315-320. MCX - Kedia Advosory
Crudeoil
BUY CRUDEOIL OCT @ 8900 SL 8800 TGT 9050-9150. MCX
Observations
Crudeoil trading range for the day is 8639-9165.
Crude oil dropped as markets assessed the prospect of additional Russian energy supplies reaching global buyers.
OPEC raises 2027 oil demand view, citing need to rebuild stocks
In a scenario of an intensified Middle East war, oil prices would reach $130/bbl in Q1 2027 – IMF
IMF projects average oil price of $96 per barrel in 2026 and $87 per barrel in 2027
Natural Gas
BUY NATURALGAS OCT @ 310 SL 305 TGT 315-320. MCX
Observations
Naturalgas trading range for the day is 291.6-324.4.
Natural gas gained amid a drop in daily output to an eight-month low
Average gas output slid from record highs of 113.3 bcfd in August and September to 110.6 bcfd so far in October
About 0.5 bcfd of Gulf output remained shut-in Monday after Hurricane Isaias
Milder two-week outlook trimmed LSEG's demand forecasts from Monday
