Buy Nat Gas Apr 2021 @ 201.00 SL 197.00 TGT 205.00-208.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4679-4827.
Crude oil prices fell amid mounting concerns that surging caseloads of coronavirus infections in India and other countries will lead to stronger measures and hit economic activity
China March crude oil throughput up 19.7% y/y at 59.79 million tonnes
Japan's customs-cleared crude oil imports fell 17.0 percent in March from the same month a year earlier
Money managers raised their net long U.S. crude futures and options positions in the week to April 13
BUY CRUDEOIL MAY 2021 @ 4700 SL 4620 TGT 4780-4840.MCX
NATURAL GAS
Natural gas trading range for the day is 200.4-208.
Natural gas rose on forecasts for more heating demand than previously expected and nearrecord LNG and pipeline exports.
That price increase came despite forecasts for milder weather through the start of May than previously expected.
The U.S. Energy Information Administration (EIA) said U.S. utilities added 61 bcf of gas into storage
German gas imports fall 5.7% in first two months of 2021
BUY NAT GAS APR 2021 @ 201.00 SL 197.00 TGT 205.00-208.00.MCX
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