Sell Crudeoil trading range for the day is 5853-6151 - Kedia Advisory
Crudeoil
SELL CRUDEOIL FEB @ 6000 SL 6080 TGT 5920-5850. MCX
Observations
Crudeoil trading range for the day is 5853-6151.
Crude oil rose amid tensions in the Middle East and production outages in Kazakhstan.
Market attention is focused on the potential impact of these tensions on shipping through the Strait of Hormuz.
Money managers raised their net long U.S. crude futures and options positions in the week to January 27 – CFTC
IEA revised its 2026 global oil demand growth forecasts higher, suggesting a slightly narrower surplus for the market this year.
Natural Gas
SELL NATURALGAS FEB @ 408 SL 413 TGT 403-398. MCX
Observations
Naturalgas trading range for the day is 364.1-445.9.
Natural gas rose as a larger than expected storage draw and stronger demand outlook offset still recovering production.
US energy firms withdrew 242 billion cubic feet of natural gas from storage in the week ended January 23, 2026, more than expected
Production remains below recent highs, with average January output down from December records.
Weather forecasts now point to colder than normal conditions through mid February, supporting consumption expectations.
