SELL CRUDEOIL FEB @ 5660 SL 5750 TGT 5550-5450. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL FEB @ 5660 SL 5750 TGT 5550-5450. MCX
Observations
Crudeoil trading range for the day is 5419-5755.
Crude oil prices rose after U.S. President Donald Trump renewed threats against Iran, raising concerns of military action.
IEA reiterated that global oil supply is likely to exceed demand this year, even after slightly revising its demand growth forecast upward.
US crude stocks rose by 3.602 million barrels, compared with market expectations for a 1.1 million-barrel build.
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.478 million barrels, the most since August 2025..
Natural Gas
BUY NATURALGAS FEB @ 325 SL 320 TGT 333-338. MCX
Observations
Naturalgas trading range for the day is 302.9-350.7.
Natural gas rose as the market continued to brace for a historic winter storm.
Support also seen driven by forecasts for widespread below-normal temperatures across most of the country.
Storage data showed inventories fell 120 billion cubic feet to 3.065 trillion cubic feet last week, a larger draw than expected.
Average gas output has slid to 108.6 bcfd so far in January, down from a monthly record high of 109.7 bcfd in December.
Output was on track to drop to a three-month low of 106.2 bcfd on Wednesday due mostly to reductions in North Dakota and
