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Energy Report 29 Dec 2021

Fundamental of the Day

Upcoming Events

8.00 PM Crude Oil Inventories

Crude Oil

Commentary

4th January 2022, 24th OPEC and non-OPEC Ministerial Meeting via Video Conference

Crude has cross its 50% price 5567 will try touch 5911, WTI Crude has cross 73.92$ & upwards to 78.51$.

On Weekly basis 78.51$ is a strong resistance & 5911 which is a strong sell this may applicable till Next Tuesday, 4th January 2022 due to OPEC Meeting.

Technical View

Our Preference: Sell Crude near 5900 for target 5600 with SL 5960

Alternative Scenario: Buy Crude 5606+ for target 5740, add more buy above 5775+ for target 5880  SL 5550

Trading Zone

5739 SL 5765 target 5665

5785+ Buy stop SL 35 point

Natural gas

Range: 291.9 - 314

Our Preference: Buy Natural Gas 292+ target 302 & 311 with SL only below 287

Alternative Scenario: Sell Natural Gas 314 SL 318 for target 298

Category :

Energy Report