Sell NaturalGas NOV @ 250 SL 254 TGT 245-242. MCX - Kedia Advisory
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CRUDE OIL
Observations
Crudeoil trading range for the day is 5611-6037.
Crude oil prices dropped as concerns about weak demand from China weighed on the market.
Data Data showing low consumer inflation and declining factory prices in China added to fears of a slowdown.
Traders are closely monitoring the global demand outlook for 2025, alongside the potential impact of Trump's policies.
Key reports this week from OPEC, the U.S. EIA, and the IEA will provide fresh insights.
SELL CRUDEOIL NOV @ 5800 SL 5860 TGT 5740-5680. MCX
NATURAL GAS
Observations
Naturalgas trading range for the day is 220.1-263.5.
Natural gas jumped as significant production in the Gulf of Mexico remained disrupted following storm Rafael.
The US Bureau of Safety and Environmental Enforcement reported that 310 million cubic feet of natural gas were still shut in.
Forecasts show that Britain's gas demand is expected to rise significantly, with a noticeable increase projected for the next day and further rises for the upcoming work week.
The colder weather and rising demand have also led to consistent withdrawals from gas storage.
SELL NATURALGAS NOV @ 250 SL 254 TGT 245-242. MCX
