Sell Crudeoil Apr APR 2021 @ 4520 SL 4580 TGT 4450-4420.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4322-4640.
Crude oil gained on optimism over a rebound in the U.S. economy as coronavirus vaccinations accelerated and on tensions in the Middle East
Iran raises May crude oil official selling prices for Asia
Saudi Arabia meets May crude supply for most Asian buyers
Saudi plans to gradually ease its output cuts by 250,000 bpd in May, 350,000 bpd in June and 400,000 bpd in July
SELL CRUDEOIL APR 2021 @ 4520 SL 4580 TGT 4450-4420.MCX
NATURAL GAS
Natural gas trading range for the day is 187.1-197.7.
Natural gas edged up on forecasts for cooler weather and higher heating demand in midto late-April
Mild weather this week will likely cause utilities to boost injections into storage by so much that the total amount of gas in inventory
Data provider Refinitiv said output in the Lower 48 U.S. states has averaged 91.9 bcfd so far in April
Refinitiv projected average gas demand, including exports, would hold near 89.3 bcfd
BUY NAT GAS APR 2021 @ 188.00 SL 184.00 TGT 192.50-196.00.MCX
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