Buy Crudeoil Mar 2022 @ 6800 SL 6700 TGT 6940-7050.MCX - Kedia Advisory
CRUDEOIL
Crude oil trading range for the day is 6600-7954.
Crude oil rallied to $100 a barrel after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.
U.S. and EU promise more sanctions on Russia
Japan considers joining U.S. to release additional oil reserves – Kyodo
Japan, Australia ready to tap oil reserves if Ukraine conflict hits supply
BUY CRUDEOIL MAR 2022 @ 6800 SL 6700 TGT 6940-7050.MCX
NATURAL GAS
Natural gas trading range for the day is 336.4-387.
Natural gas rose on the escalation of the Russia-Ukraine conflict and after Germany halted certification of the Nord Stream 2 gas pipeline project
Temperatures in many parts of China were colder than usual for the season and would continue to put pressure on gas supplies until later this week
Russia provides around 30-40% of Europe's gas supplies, totaling about 16.3 billion cubic feet per day (bcfd) in 2021.
Russia ready to increase gas supplies to Italy
BUY NAT GAS MAR 2022 @ 336.00 SL 324.00 TGT 352.00-360.00.MCX
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