Buy Crudeoil Apr 2022 @ 8650 SL 8450 TGT 8900-9100.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 8366-9008.
Crude oil dropped after Iran hinted that it may be close to getting a new nuclear deal with the U.S. via negotiations in Europe
Traders weighed additional supply disruptions following reports of storm damage at a major export terminal system on the Black Sea.
Stockpiles in the U.S. fell by 2.5 million barrels last week
Inventories from the U.S. Strategic Petroleum Reserve declined by 4.2 million barrels
BUY CRUDEOIL APR 2022 @ 8650 SL 8450 TGT 8900-9100.MCX
NATURAL GAS
Natural gas trading range for the day is 375.9-436.1.
Natural gas climbed on forecasts for a return to cooler weather and higher heating demand next week.
That U.S. price decline came even though rising global demand for gas to replace Russian fuel
EIA said U.S. utilities pulled 51 billion cubic feet (bcf) of gas from storage during the week ended March 18.
Average gas output in the U.S. lower 48 states was on track to rise to 93.3 bcfd in March from 92.5 bcfd in February
BUY NAT GAS MAR 2022 @ 394.00 SL 380.00 TGT 408.00-415.00.MCX
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