Sell Natural Gas Oct @ 286 SL 291 TGT 280-276. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL OCT @ 5860 SL 5960 TGT 5760-5960. MCX
Observations
Crudeoil trading range for the day is 5669-5985.
Crude oil gains as Ukraine's attacks on Russia's energy infrastructure prompted Moscow to curb fuel exports.
Russia will introduce a partial ban on diesel exports until the end of the year and extend an existing ban on gasoline exports.
Crude oil exports from Iraq's semi-autonomous Kurdistan region to Turkey were scheduled to restart on Saturday.
U.S. crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said.
NATURALGAS
SELL NATURALGAS OCT @ 286 SL 291 TGT 280-276. MCX
Observations
Naturalgas trading range for the day is 272.4-294.2.
Natural gas eased on ample amounts of gas in storage.
U.S. natural gas production is projected to reach record highs this winter.
Canadian natgas producers cut output amid record low prices
Meteorologists forecast the weather will remain mostly warmer than normal through at least October 11.
