Sell Naturalgas Feb @ 308 SL 315 TGT 298-290. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL FEB @ 6300 SL 6220 TGT 6380-6450. MCX
Observations
Crudeoil trading range for the day is 6226-6406.
Crude oil rose amid signs of increasing sanctions and potential disruptions to Russian and Iranian oil flows.
However, upside seen limited hurt by U.S. President Trump's renewed trade war on China and threats of tariffs on other countries.
U.S. crude oil imports from Mexico fell by 372,000 barrels per day (bpd) to a weekly record low of 149,000 bpd
Money managers cut their net long U.S. crude futures and options positions, the U.S. CFTC said.
Natural Gas
SELL NATURALGAS FEB @ 308 SL 315 TGT 298-290. MCX
Observations
Naturalgas trading range for the day is 289.9-311.9.
Natural gas climbed on rising flows to LNG export plants and forecasts for colder weather.
US gas storage withdrawals may have hit a record high in January
US gas production on track for record high in February
US LNG export feedgas on track for record high in February
