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Sell Crudeoil Apr 2022 @ 8100 SL 8350 TGT 7800-7650.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7777-8421.
Crude oil prices jumped on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks.
OPEC Secretary General Mohammad Barkindo said OPEC+ participants should "stay the course" regarding its decisions.
CPC pipeline outage forces Kazakhstan to cut oil output by a fifth
UAE, Saudi say OPEC+ should not play politics
SELL CRUDEOIL APR 2022 @ 8100 SL 8350 TGT 7800-7650.MCX
NATURAL GAS
Natural gas trading range for the day is 390.2-441.6.
Natural gas climbed on forecasts cold weather next week will cause utilities to pull gas out of storage to meet an increase in heating demand.
EU will work with countries to prepare for gas supply situations
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 @ 416.00 SL 405.00 TGT 428.00-435.00.MCX
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