Buy Crudeoil Mar 2022 @ 8800 SL 8400 TGT 9500-9900.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 8259-10265.
Crude oil prices rallied amid market supply fears as the United States and European allies considered banning Russian oil imports
U.S., Europe discuss banning Russian oil imports
Iranian nuclear talks clouded by Russian demands
China's crude oil imports for the first two months of 2022 fell nearly 5% from a year earlier, data showed
BUY CRUDEOIL MAR 2022 @ 8800 SL 8400 TGT 9500-9900.MCX
NATURAL GAS
Natural gas trading range for the day is 356.8-411.
Natural gas dropped on forecasts for less cold weather and lower heating demand next week than previously expected.
Natural gas in Europe skyrocketed to fresh record highs after US Secretary of State Blinken said the West was discussing an embargo on Russian oil and gas.
In US natural gas stocks shrank slightly more than expected last week, and sit below the 5- year average.
The U.S. EIA said utilities pulled 139 bcf of gas from storage during the week ended Feb. 25.
BUY NAT GAS MAR 2022 @ 380.00 SL 360.00 TGT 400.00-412.00.MCX
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