Buy Nat Gas JUN 2021 @ 218.00 SL 212.00 TGT 224.00-226.50.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4809-4933.
Crude oil prices climbed buoyed by expectations for strong demand growth in the next quarter
OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting, OPEC sources said
OPEC Secretary General Mohammad Barkindo said he did not expect higher Iranian supply to cause problems.
U.S. imports rare Iranian oil in March despite sanctions – EIA
BUY CRUDEOIL JUN 2021 @ 4840 SL 4780 TGT 4900-4940.MCX
NATURAL GAS
Natural gas trading range for the day is 218-224.2.
Natural gas rose buoyed by forecasts for warmer weather in two weeks and a projected increase in liquefied natural gas (LNG) export
Higher temperatures in two weeks were expected to boost demand for fuel to power generators and keep air conditioners humming.
Data released by Baker Hughes showed, the total active U.S. rig count, including those drilling for natural gas, climbed by 2 to 457.
U.S. pipeline exports to Mexico, meanwhile, have averaged 6.0 bcfd so far in May, just off April's monthly record of 6.1 bcfd, Refinitiv data showed.
BUY NAT GAS JUN 2021 @ 218.00 SL 212.00 TGT 224.00-226.50.MCX
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