Buy Nat Gas Apr 2022 @ 520.00 SL 505.00 TGT 540.00-552.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7503-8127.
Crude oil dropped weighed by a softer global economic outlook and continuing coronavirus lockdowns in China have hurt demand in the world's top crude importer.
OPEC+ supply gap widens in March as sanctions hit Russian output
CPC terminal may return to full capacity in days, says Kazakh minister
Libya shutdowns cause 550k bpd output loss, NOC media office says
SELL CRUDEOIL MAY 2022 @ 7950 SL 8150 TGT 7750-7600.MCX
NATURAL GAS
Natural gas trading range for the day is 491.3-586.1.
Natural gas slipped after shedding over 8% in the previous session as forecasts indicated a turn to slightly warmer weather.
Natural gas output in China is soaring after Beijing pressured state-owned producers to ramp up production
U.S. natural gas production and demand will both rise in 2022 as the economy grows
EIA projected that dry gas production will rise to 97.41 billion cubic feet per day (bcfd) in 2022 and 100.86 bcfd in 2023 from a record 93.57 bcfd in 2021.
BUY NAT GAS APR 2022 @ 520.00 SL 505.00 TGT 540.00-552.00.MCX
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