Buy Crude Oil Apr 2022 @ 8300 SL 8100 TGT 8500-8650.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7916-8932
Crude oil gained amid threats to supply as Yemen's Iran-aligned Houthi group attacked Saudi energy and water desalination facilities
Germany urges OPEC to raise production, warns against profiteering from sanctions
U.S. crude inventories expected to be unchanged
Money managers cut their net long U.S. crude futures and options positions – CFTC
BUY CRUDEOIL APR 2022 @ 8300 SL 8100 TGT 8500-8650.MCX
NATURAL GAS
Natural gas trading range for the day is 363.1-408.5.
Natural gas gained on forecasts for cooler weather and higher heating demand next week than previously expected.
Meteorologists forecast weather in the United States would remain milder than normal through at least early April
EIA said utilities pulled 79 billion cubic feet (bcf) of gas from storage during the week ended March 11.
Last week's withdrawal cut stockpiles to 1.440 trillion cubic feet (tcf), or 17.4% below the five-year average of 1.744 tcf for this time of the year.
BUY NAT GAS MAR 2022 @ 366.00 SL 354.00 TGT 378.00-385.00.MCX
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