Sell Crudeoil Apr 2022 @ 7800 SL 8050 TGT 7500-7320.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7406-8148.
Crude oil dropped on news that the United States was considering the largest ever release from its Strategic Petroleum Reserve
OPEC+ sticks to existing agreement with 432,000 bpd rise in May
U.S. considering release of 180 mln barrels of oil
OPEC+ says prolonged Ukraine conflict would be major blow to global economy -
SELL CRUDEOIL APR 2022 @ 7800 SL 8050 TGT 7500-7320.MCX
NATURAL GAS
Natural gas trading range for the day is 402.4-459.8.
Natural gas rose on forecasts for higher demand over the next two weeks than previously expected.
Russia's Gazprom is considering options of halting gas supplies to Europe amid issues of payments in Roubles
China targets an output of 214 billion cubic metres of natural gas by 2022 - NEA
Russia resumes sea of Azov LPG exports, that were suspended on Feb. 24
BUY NAT GAS APR 2022 @ 430.00 SL 415.00 TGT 445.00-454.00.MCX
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