Buy Crudeoil Apr 2022 @ 7500 SL 7300 TGT 7700-7850.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7038-8124.
Crude oil rose as the market weighed the potential for more sanctions on Russia's energy sector
OPEC warned it would be impossible to increase output enough to offset lost supply.
OPEC Secretary-General Barkindo to EU: It's impossible to fully replace Russia exports
IEA member nations are planning to release some 240 million barrels over the next six months in a bid to calm volatile oil markets
BUY CRUDEOIL APR 2022 @ 7500 SL 7300 TGT 7700-7850.MCX
NATURAL GAS
Natural gas trading range for the day is 485.1-537.9.
Natural gas gained with a sharp drop in U.S. output and on expectations freezing weather.
European Union countries agreed to ban coal imports from Russia while pledged to start working on an embargo on Russian oil, gas and nuclear fue
Shipments of LNG to Europe are already at record levels, and the US is facing significant pressure to help the continent secure further supplies.
Supporting prices further were inventory data showing a more-than-anticipated draw of 33 bcf last week to a nearly 3-year low.
SELL NAT GAS APR 2022 @ 510.00 SL 525.00 TGT 490.00-478.00.MCX
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