SELL NATURALGAS FEB @ 332 SL 340 TGT 324-318. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL FEB @ 5500 SL 5580 TGT 5420-5340. MCX
Observations
Crudeoil trading range for the day is 5309-5665.
Crude oil fell after Trump softened threats against Greenland and Iran.
IEA revises up forecasts for 2026 global oil demand growth
US crude stocks up by 3.04 million barrels last week, API says
OPEC+ producer Kazakhstan halted output at its Tengiz and Korolev oilfields due to power distribution issues.
Natural Gas
SELL NATURALGAS FEB @ 332 SL 340 TGT 324-318. MCX
Observations
Naturalgas trading range for the day is 307.5-350.5.
Natural gas soared as extreme cold forecasts boosted demand expectations and raised supply risks.
Temperatures are projected to remain mostly below normal through February 5, with the coldest period expected around January 24 to 27.
Average gas output has slid to 108.7 bcfd so far in January, down from a monthly record high of 109.7 bcfd in December.
Output was on track to drop to a three-month low of 106.2 bcfd on Wednesday due mostly to reductions in North Dakota and
