Sell Crude Oil FEB @ 5850 SL 5950 TGT 5750-5650. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL FEB @ 5850 SL 5950 TGT 5750-5650. MCX
Observations
Crudeoil trading range for the day is 5561-5999.
Crude oil gains as traders focused on the progress of U.S.-Iran talks before making big moves
Saudi Arabia cut prices for its main crude grade sold to Asia to the lowest level since late 2020, signaling oversupply.
IEA revised its 2026 global oil demand growth forecasts higher in its latest monthly oil market report.
U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025 - EIA
NATURAL GAS
SELL NATURALGAS FEB @ 325 SL 330 TGT 318-312. MCX
Observations
Naturalgas trading range for the day is 301.9-341.5.
Natural gas jumped on increases in gas flows to liquefied natural gas export plants.
That price increase came despite forecasts for the weather to turn warmer than normal through mid-February.
Average gas output in the Lower 48 states edged up to 106.4 bcfd so far in February, up from 106.3 bcfd in January.
Average gas demand in the Lower 48 states, including exports, would fall from 160.0 bcfd this week to 140.9 bcfd next week.
