Naturalgas trading range for the day is 252.4-273.4 - Kedia Advisory
Crude Oil
BUY CRUDEOIL OCT @ 5020 SL 4960 TGT 5100-5160. MCX
Observations
Crudeoil trading range for the day is 4953-5251.
Crude oil dropped amid heightened US-China trade tensions that continue to cloud the consumption outlook.
Investors weighed the International Energy Agency's prediction of a supply surplus in 2026
Natural Gas
BUY NATURALGAS OCT @ 256 SL 252 TGT 260-264. MCX
Observations
Naturalgas trading range for the day is 252.4-273.4.
Natural gas gains amid mild weather forecasts and robust storage levels eased concerns over supply tightness.
However, downside seen limited on a decline in output so far this month and record gas flows to liquefied natural gas export plants.
US utilities injected 80 billion cubic feet (Bcf) of natural gas into storage
Gas production in the Lower 48 states averaged 106.4 bcfd so far in October, down from September’s 107.4 bcfd.
Tag News
Crudeoil trading range for the day is 4828-5368 - Kedia Advisory
