Buy Nat Gas Mar 2022 @ 370.00 SL 355.00 TGT 385.00-390.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7627-8011.
Crude oil gained as there was slim progress in peace talks between Russia and Ukraine
IEA said a decline in oil demand due to higher prices would not offset a shut-in of Russian oil supplies.
OPEC+ compliance with oil production cuts rises to 136% in Feb, from 129% in Jan
IEA Executive Director Birol: I hope that OPEC+ can relieve oil market strain.
BUY CRUDEOIL APR 2022 @ 8000 SL 7750 TGT 8260-8400.MCX
NATURAL GAS
Natural gas trading range for the day is 362.9-379.9.
Natural gas eased with a slow rise in output and forecasts for less heating demand over the next two weeks than previously expected
EIA said utilities pulled 79 billion cubic feet (bcf) of gas from storage during the week ended March 11.
Last week's withdrawal cut stockpiles to 1.440 trillion cubic feet (tcf), or 17.4% below the five-year average of 1.744 tcf for this time of the year.
Average gas output in the U.S. Lower 48 states was on track to rise to 93.1 bcfd in March from 92.5 bcfd in February
BUY NAT GAS MAR 2022 @ 370.00 SL 355.00 TGT 385.00-390.00.MCX
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