Naturalgas trading range for the day is 285.9-313.5 - Kedia Advisory
Crude oil
SELL CRUDEOIL NOV @ 5450 SL 5550 TGT 5350-5250. MCX
Observations
Crudeoil trading range for the day is 5045-5671.
Crude oil rose after the U.S. imposed sanctions on major Russian suppliers Rosneft and Lukoil over the Ukraine war.
EU formally adopts 19th package of sanctions against Russia
Crude inventories fell by 961,000 barrels to 422.8 million barrels in the week ended October 17, the EIA said.
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 770,000 barrels in the week, the EIA said.
NATURAL GAS
SELL NATURALGAS OCT @ 300 SL 305 TGT 295-290. MCX
Observations
Naturalgas trading range for the day is 285.9-313.5.
Natural gas slid as bigger-than-expected storage build keeps inventory well above normal.
That price decline came despite forecasts for more demand, a fall in output and near-record flows LNG export plants.
The U.S. Energy Information Administration said energy firms injected 87 billion cubic feet (bcf) of gas into storage
EQT expects 2026 natgas production to remain in line with 2025 exit rate
