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Sell Naturalgas Dec @ 282 SL 286 TGT 275-272. MCX - Kedia Advisory
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Crudeoil
Observation
Crudeoil trading range for the day is 5901-6119.
Crude oil gains as additional sanctions on Russia ratcheted up supply worries.
China stimulus expected to support demand
IEA forecasts a supply surplus in 2025
Investors are also betting that the Fed will cut borrowing costs and follow up next year with further reductions
SELL CRUDEOIL DEC @ 6080 SL 6160 TGT 6000-5940. MCX
Naturalgas
Observation
Naturalgas trading range for the day is 264.6-305.
Natural gas fell on increased supplies as producers keep pulling more gas out of the ground
Gas flows to Venture Global Plaquemines in Louisiana high enough to produce first LNG
Feedgas to LNG export plants on track to reach 11-month high
Average gas output in the Lower 48 U.S. states rose to 102.9 bcfd so far in December, up from 101.5 bcfd in November
SELL NATURALGAS DEC @ 282 SL 286 TGT 275-272. MCX
