Buy Nat Gas Apr 2021 @ 204.00 SL 199.00 TGT 210.00-214.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4561-4739.
Crude oil prices gained on hopes of a fuel demand recovery in the United States and Europe as economic growth picks up and lockdowns ease
But worries about India's raging second wave of COVID-19 cases kept a lid on gains.
OPEC+, are heading for a largely technical meeting next week in which major changes to policy are unlikely, Russian Deputy Prime Minister and OPEC+ sources said
Libya's oil production fell to about 1 million barrels per day (bpd) in recent days and could drop further due to budgetary issues
SELL CRUDEOIL MAY 2021 @ 4680 SL 4750 TGT 4580-4520.MCX
NATURAL GAS
Natural gas trading range for the day is 202.4-208.4.
Natural gas eased on forecasts for the weather to moderate over the next two weeks.
That small decline came despite a smaller-than-expected storage build, record exports and small declines in production.
The U.S. EIA said utilities added 38 bcf of gas into storage during the week ended April 16.
Data provider Refinitiv said gas output in the Lower 48 U.S. states averaged 91.4 billion cubic feet per day (bcfd) so far in April
BUY NAT GAS APR 2021 @ 204.00 SL 199.00 TGT 210.00-214.00.MCX
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