Sell Crude Oil NOV @ 6500 SL 6600 TGT 6400-6300. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CRUDE OIL
Observations
Crudeoil trading range for the day is 6422-6496.
Crude oil dropped as market attention turns to a key meeting of OPEC and its allies this month
Venezuela's oil output to rise modestly after US sanctions relief – EIA
China October crude oil imports up 13.5% on last year
OPEC+ has taken steps to achieve 'stable' crude market in 2023
SELL CRUDEOIL NOV @ 6500 SL 6600 TGT 6400-6300. MCX
NATURAL GAS
Observations
Naturalgas trading range for the day is 252.4-254.8.
Natural gas dropped on record output and forecasts for mild weather to continue through late November
Natural gas production has been on the rise in November, following a record high in October.
Additionally, there is currently about 6% more gas in storage than is typical for this time of year.
Gas flows to US LNG export facilities are increasing but remain below the record levels observed in April.
BUY NATURALGAS NOV @ 250 SL 245 TGT 256-260. MCX
