Buy Crudeoil Apr 2022 @ 8300 SL 8100 TGT 8500-8650.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7712-8708
Crude oil gained as the Ukraine conflict showed little sign of easing, while major oil producers struggled to meet their allotted quotas.
Russia's oil and gas condensate output rises to 11.11 mln bpd over March 1 – 20
Novak says oil may hit $300 a barrel if Russian crude shunned
Saudi crude exports hit 21-month high in January
BUY CRUDEOIL APR 2022 @ 8300 SL 8100 TGT 8500-8650.MCX
NATURAL GAS
Natural gas trading range for the day is 354.5-386.3.
Natural gas edged up as the market focused more on rising oil prices than on higher gas output and forecasts for milder weather
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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