Sell Crudeoil Jan @ 6050 SL 6150 TGT 5950-5850. MCX - Kedia Advisory
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Crudeoil
Observations
Crudeoil trading range for the day is 5914-6108.
Crude prices fell as concerns eased about shipping disruptions along the Red Sea route.
US crude oil inventories rise the most in 5 weeks : API US buys 3 million barrels of oil for strategic reserve
Exports of four main Nigerian crude oil grades in February are set to average about 657,000 bpd.
SELL CRUDEOIL JAN @ 6050 SL 6150 TGT 5950-5850. MCX
Naturalgas
Observations
Naturalgas trading range for the day is 205.6-217.2. Natural gas dropped amid record-high domestic natural gas production in the US has allowed utilities to build reserves. US utilities pulled 87 billion cubic feet of natural gas from storages during the week that ended December 22, 2023 U.S. gas demand in the Lower 48, including exports, at 120.5 bcfd this week Average gas output in the Lower 48 U.S. states has risen to 108.7 bcfd so far in December
BUY NATURALGAS JAN @ 208 SL 204 TGT 214-218. MCX
Tag News
Buy Crudeoil Above 6900 SL BELOW 6830 TGT 7000/7050 - Axis Securities Ltd
