Buy Crudeoil May 2021 @ 4840 SL 4760 TGT 4920-4960.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4722-4990.
Crude oil settled lower as traders weighed global energy demand and supply prospects, as reports showing a continued surge in coronavirus cases in Asia.
U.S. crude stocks slump more than expected: EIA
Militants using bombs attacked two oil wells at an oilfield close to the northern Iraqi city of Kirkuk.
Iran again boosts OPEC oil output in April
BUY CRUDEOIL MAY 2021 @ 4840 SL 4760 TGT 4920-4960.MCX
NATURAL GAS
Natural gas trading range for the day is 212.9-223.9.
Natural gas prices ended with losses on a small decline in exports and increase in output.
That price decline came despite forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
EIA said U.S. utilities added 15 billion cubic feet (bcf) of gas into storage during the week ended April 23.
Data provider Refinitiv said gas output in the Lower 48 U.S. states slipped to an average of 91.3 bcfd so far in April
BUY NAT GAS MAY 2021 @ 216.00 SL 212.00 TGT 222.50-226.00.MCX
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