Sell Crude Oil OCT @ 8750 SL 8850 TGT 8650-8550. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL OCT @ 8750 SL 8850 TGT 8650-8550. MCX
Observations
Crudeoil trading range for the day is 8385-9005.
Crude oil rose as US-Iran talks aimed at ending their war stalled and tight fuel markets continued to underpin prices.
Goldman says Gulf oil exports recover to 23.3 million barrels per day over last week
White House urges EU to draw down emergency diesel inventories, two sources say
Saudi Arabia resumed oil tanker loadings from its Red Sea port of Yanbu after restarting operations on its East-West Pipeline.
Natural Gas
SELL NATURALGAS OCT @ 292 SL 296 TGT 288-284. MCX
Observations
Naturalgas trading range for the day is 282-299.
Natural gas fell on forecasts for less demand and the market's belief that daily output will soon rise.
Storage surplus likely shrinks to 2.4% above five-year average for week ended September 25
Average Lower 48 production eased to 112.2 bcfd in September from August's record
Mountaineer XPress outage helped cut output to 109.4 bcfd over the past week
