Sell Naturalgas Feb @ 275 SL 285 TGT 265-255. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL FEB @ 6380 SL 6460 TGT 6300-6220. MCX
Observations
Crudeoil trading range for the day is 6241-6485.
Crude oil gains driven by supply risks in Libya despite concerns over potential US trade tariffs.
Protesters demanded the closure of two key Libyan ports, Ras Lanuf and Es Sider, threatening significant crude export disruptions.
Saudi Arabia may hike March oil prices for Asia to highest in over a year
OPEC+ yet to react to Trump call for lower prices
Naturalgas
SELL NATURALGAS FEB @ 275 SL 285 TGT 265-255. MCX
Observations
Naturalgas trading range for the day is 257.7-293.1.
Natural gas dropped as traders anticipated a major winter storm expected to impact parts of the US this week.
US utilities withdrew 233 billion cubic feet of natural gas from storage to 2,896 bcf.
Inventories are 1.9% below the corresponding period of the previous year, but remain 0.7% above the ongoing five-year average.
Meteorologists projected that weather in the Lower 48 states would remain colder than normal through Jan. 27
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