SELL CRUDEOIL MAR @ 6080 SL 6180 TGT 5980-5880. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL MAR @ 6080 SL 6180 TGT 5980-5880. MCX
Observations
Crudeoil trading range for the day is 5872-6220.
Crude oil slid with the U.S. and Iran headed for a third round of nuclear talks, easing concerns.
Iran and the U.S. will hold a third round of nuclear talks on Thursday in Geneva, Oman's Foreign Minister Badr Albusaidi said.
Goldman Sachs raises Brent/WTI forecast for 2026Q4 by $6 to $60/56
Oil speculators cut WTI net long position by 2,904 contracts to 67,884 in week to February 17 - CFTC
Natural Gas
BUY NATURALGAS FEB @ 270 SL 265 TGT 275-285. MCX
Observations
Naturalgas trading range for the day is 259.1-296.5.
Natural gas eased on near-record daily output and forecasts for milder weather.
Average gas output in the Lower 48 states climbed to 108.6 bcfd so far in February, up from 106.3 bcfd in January.
LSEG projected average gas demand in the Lower 48 states, would rise from 125.2 bcfd this week to 133.1 bcfd next week.
Natural gas speculators in four major NYMEX, ice markets cut net long position by 19,927 contracts to 124,810 in week to February 17 - CFTC
