Sell Natural Gas OCT @ 292 SL 298 TGT 285-280. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL OCT @ 5650 SL 5730 TGT 5570-5500. MCX
Observations
Crudeoil trading range for the day is 5466-5888.
Crude oil prices fell as OPEC+ plans another increase to output in November
OPEC+ expected to confirm an increase of at least 137,000 barrels per day for November
Kurdistan crude oil flows to Turkey resume after 2-1/2 year halt
Money managers switched to net short U.S. crude futures and options positions – CFTC
NATURALGAS
SELL NATURALGAS OCT @ 292 SL 298 TGT 285-280. MCX
Observations
Naturalgas trading range for the day is 273.2-301.8.
Natural gas gained amid forecasts for more demand over the next two weeks than previously expected.
However upside seen limited on an increase in daily output, ample amounts of fuel in storage.
Canadian natgas producers cut output amid record low prices The number of rigs drilling for natural gas in the United States fell by 1 to 117.
