Sell Natural gas Dec @ 490 SL 500 TGT 480-470. MCX - Kedia Advisory
Crude oil
SELL CRUDEOIL DEC @ 5450 SL 5550 TGT 5350-5250. MCX
Observations
Crudeoil trading range for the day is 5306-5510.
Crude oil edges up amid unresolved Russia-Ukraine tension and U.S.-Venezuela standoff.
Saudi Arabia lowering its January Arab light crude price for Asia to its lowest level in five years.
Traders continued to watch for a possible US move in Venezuela after President Trump signaled imminent action against the oil giant.
Fitch Ratings cut its 2025-2027 oil price assumptions to reflect market oversupply and production growth that is expected to outstrip demand.
Natural gas
SELL NATURALGAS DEC @ 490 SL 500 TGT 480-470. MCX
Observations
Naturalgas trading range for the day is 436.5-520.7.
Natural gas rose on near-record flows of gas to LNG export plants and as extreme cold boosted heating demand.
However, a small weekly storage withdrawal, ample amounts of gas in inventory, limiting the upside.
Average gas output in the Lower 48 states slid to 109.4 bcfd so far in December, down from a monthly record high of 109.6 bcfd in November.
Average gas demand in the Lower 48 states, including exports, would fall from 144.5 bcfd this week to 142.6 bcfd next week.
