Buy Nat Gas Apr 2021 @ 189.00 SL 184.00 TGT 194.00-196.50.MCX - Kedia Advisory
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Crude oil
Crude oil trading range for the day is 4262-4654.
Crude oil rose after the OPEC+, have agreed to incremental increases in crude production for three months starting in May.
OPEC+ group has decided to ease cuts starting from May
Russia's March oil output rises following February's slump
Russia will continue to gradually increase its oil production in May to July by a combined 114,000 bpd.
SELL CRUDEOIL APR 2021 @ 4420 SL 4500 TGT 4340-4300.MCX
Natural gas
Natural gas trading range for the day is 187.3-198.9.
Natural gas rose after a smaller-than-expected addition to storage last week.
U.S. utilities added 14 billion cubic feet (bcf) of natural gas to storage last week, lower than the expected 21 bcf injection
Refinitiv estimated 174 heating degree days (HDDs) over the next two weeks in the lower 48 U.S. states
Output in the Lower 48 U.S. states averaged 91.1 billion cubic feet per day (bcfd) in March, up sharply from a 28-month low of 86.5 bcfd in February
BUY NAT GAS APR 2021 @ 189.00 SL 184.00 TGT 194.00-196.50.MCX
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