Buy Nat Gas May 2022 @ 580.00 SL 560.00 TGT 615.00-625.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7722-8140.
Crude oil slipped amid concerns about the demand outlook due to prolonged COVID lockdowns in China
Iraq oil exports reach 101 mln barrels in April – ministry
Libya's NOC temporarily lifts force majeure at Zoueitina oil terminal
Missile attack causes tank fire in oil refinery in Iraq
SELL CRUDEOIL MAY 2022 @ 8000 SL 8150 TGT 7800-7650.MCX
NATURAL GAS
Natural gas trading range for the day is 580.3-638.7.
Natural gas rose on forecasts of warmer-than-usual weather in the next two weeks, which could increase cooling demand and keep storage injections lower than normal.
There also are expectations that the United States is going to continue to export record amounts of LNG, further lending support to prices.
The premium for futures for July over June rose to 11 cents per mmBtu, putting the spread on track to close at a record high for a third day in a row.
BUY NAT GAS MAY 2022 @ 580.00 SL 560.00 TGT 615.00-625.00.MCX
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