Buy Crudeoil MAY 2022 @ 7650 SL 7500 TGT 7850-7980.MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CRUDEOIL
Crude oil trading range for the day is 7546-8020.
Crude oil prices dipped as investors balance supply and demand concerns over Russian oil and gas disruption and a worsening global economic outlook.
U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said.
Crude inventories rose by 692,000 barrels in the week to April 22 to 414.4 million barrels, compared with expectations for a 2 million-barrel rise.
API data showed U.S. crude and distillate stocks rose last week, while gasoline inventories fell.
BUY CRUDEOIL MAY 2022 @ 7650 SL 7500 TGT 7850-7980.MCX
NATURAL GAS
Natural gas trading range for the day is 520.6-595.4.
Natural gas gained after Russia halts exports to Poland and Bulgaria
Higher global prices have kept demand for U.S. liquefied natural gas (LNG) exports near record highs since Russia invaded Ukraine.
Average gas output in the U.S. Lower 48 states rose to 94.3 billion cubic feet per day (bcfd) so far in April from 93.7 bcfd in March.
Russia, the world's second biggest gas producer, provides about 30% to 40% of Europe's gas, totaling about 18.3 bcfd in 2021.
BUY NAT GAS MAY 2022 @ 540.00 SL 520.00 TGT 575.00-590.00.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
