What are the key factors that effect movement of Crude Oil & Natural Gas?

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Ok Guys, I have seen a few of you discuss these energy commodities hence wanted your opinion on the key factors that effect the prices of Crude Oil, Natural Gas… what do I need to keep a hawkeye on? also any suited indicator particularly for these scripts…

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Crude oil prices and natural gas prices are affected by opec reports. Natural gas is also sensitive to weather forecasts in US, because of its demand in extreme weather to heat or cool homes in US.
These are only the short term factors effecting the prices.

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Ok. These are my observations as a trader and people may have different views on the same. So, these are purely my observations.

  1. For a beginner/ small investor, it is better avoid trading these counters. If you want to learn things, i think Silvermicro would be a better bet. Learning things and preserving trading capital should be the primary priority and NOT profit making.

  2. These energy sector counters are highly influenced by industrial demands. Watch out for news. One can avoid trading when news on these counters comes up. Do not place any trades half an hour before the news and half an hour after the news, atleast for the beginners. It takes much time to learn/ understand fundamentals.

  3. Use time frames of at least 1 Hr and above.

  4. Can avoid trading in US market hours as volatility is too high, so high that it can even wipe out the trading capital of a small/ average investor. Remember, when strong fundamental comes up, TA doesn’t work.

  5. Keep an eye on INR fluctuations. As INR levels are stabilized after 5 PM, most likely MCX price action follows the international prices.

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Thanks Akshay, traders talk about waiting for an ‘inventory report’ is this the same as the ‘Opec Report’ you were talking off.