Buy Crudeoil Apr 2022 @ 7700 SL 7580 TGT 7850-7950.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7267-8057.
Crude oil gained as support seen after update Kazakhstan's oil production excluding condensate fell to 1.55 million barrels per day (bpd) in March
IEA states agree on coordinated oil release but not volumes
U.S. boosts fuel efficiency rules as Biden reverses Trump rollback
Saudi Aramco raises Arab light crude for Asia to $9.35/BBL
BUY CRUDEOIL APR 2022 @ 7700 SL 7580 TGT 7850-7950.MCX
NATURAL GAS
Natural gas trading range for the day is 420.4-449.8.
Natural gas dropped on profit booking after seen supported as soaring global prices kept demand for U.S. liquefied natural gas (LNG) exports at record highs
EIA said utilities injected 26 bcf of gas into storage during the week ended March 25 when mild weather kept heating demand low.
Russia suspends gas flows to Germany through the Yamal-Europe pipeline – Gascade
Data showed average gas output in the U.S. Lower 48 states rose to 93.7 bcfd in March from 92.8 bcfd in February.
BUY NAT GAS APR 2022 @ 430.00 SL 415.00 TGT 445.00-452.00.MCX
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