Buy Crudeoil Mar 2022 @ 8200 SL 7900 TGT 8550-8700.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7970-9000.
Crude oil climbed as the disruption of Russian exports from Western sanctions outweighed hopes for more Iranian supply
Prices have soared over the past week after the United States and allies sanctioned Russia following its invasion of Ukraine.
Libya's National Oil Co (NOC) temporarily halted exports from four ports due to bad weather
Money managers raised their net long U.S. crude futures and options positions in the week to March 1
BUY CRUDEOIL MAR 2022 @ 8200 SL 7900 TGT 8550-8700.MCX
NATURAL GAS
Natural gas trading range for the day is 355.9-393.1.
Natural gas jumped as the U.S. market continued to follow massive price swings in global gas and oil
Gas prices also gained support from the latest U.S. weather forecasts calling for more cold and higher heating demand in mid-March
The U.S. EIA said utilities pulled 139 bcf of gas from storage during the week ended Feb. 25.
Gas supplies from Poland to Germany via the Yamal-Europe pipeline have ceased
BUY NAT GAS MAR 2022 @ 356.00 SL 340.00 TGT 372.00-380.00.MCX
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