Sell Natural gas Dec @ 445 SL 452 TGT 435-428. MCX - Kedia Advisory
CRUDE OIL
SELL CRUDEOIL DEC @ 5360 SL 5440 TGT 5270-5200. MCX
Observations
Crudeoil trading range for the day is 5206-5412.
Crude oil slips as US efforts toward Russia-Ukraine ceasefire lift optimism
OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026.
The outcome of OPEC+ meeting marked a turning point, citing Saudi Energy Minister Prince Abdulaziz bin Salman
U.S. oil production rose to a record high in September, data from the Energy Information Administration (EIA) showed, despite oversupply worries.
NATURAL GAS
SELL NATURALGAS DEC @ 445 SL 452 TGT 435-428. MCX
Observations
Naturalgas trading range for the day is 427.6-454.2.
Natural gas climbed driven by forecasts for colder weather and higher demand.
A bigger-than-expected storage withdrawal data also provided support.
Average gas output in the Lower 48 states rose to 109.7 bcfd so far in November, up from 107.4 bcfd in October.
Record output this year has allowed energy companies to stockpile more gas than usual, with about 4% more gas in storage.
