Sell Natural Gas Dec @ 455 SL 462 TGT 447-440. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL DEC @ 5400 SL 5500 TGT 5300-5200. MCX
Observations
Crudeoil trading range for the day is 5241-5443.
Crude oil prices climbed after Russia said talks with U.S. officials in Moscow failed to reach a compromise on a potential Ukraine peace deal.
Recent Ukrainian attacks on oil export sites on the Russian Black Sea coast have highlighted the geopolitical concerns stemming from the war.
OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 Crude stocks rose by 2.48 million barrels, gasoline inventories increased by 3.14 million barrels – API
NATURALGAS
SELL NATURALGAS DEC @ 455 SL 462 TGT 447-440. MCX
Observations
Naturalgas trading range for the day is 431.5-463.7.
Natural gas rose amid a backdrop of soaring export demand.
European countries extended their shun of Russian natural gas and confirmed the complete phase out of Russian LNG by the end of 2027.
Demand was also underpinned by forecasts of a cold front at the start of the North American winter, led by lower temperatures in the Northeast and Great lakes.
EIA data showed that utilities unexpectedly withdrew 11 billion cubic feet of gas from storage.
