Sell Crudeoil Mar 2022 @ 6980 SL 7100 TGT 6850-6760.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6649-7129.
Crude oil dropped as the likelihood of a return of more Iranian crude to the market weighed on prices
US official: OPEC understand our concerns about importance of oil market stability
No need for extra OPEC+ supplies amid Iran talks, Nigeria says
Iraq's oil minister says crude oil supply, demand are in balance
SELL CRUDEOIL MAR 2022 @ 6980 SL 7100 TGT 6850-6760.MCX
NATURAL GAS
Natural gas trading range for the day is 322.6-359.4.
Natural gas rose on forecasts for cooler weather and higher heating demand over the next two weeks than previously expected.
The United States and Europe have said they would sanction Russia if it invaded Ukraine, likely prompting Russia to cut some gas exports to Europe.
Russia provides around 30-40% of Europe's gas supplies, totaling about 16.3 billion cubic feet per day (bcfd) in 2021.
Russia ready to increase gas supplies to Italy
SELL NAT GAS MAR 2022 @ 346.00 SL 360.00 TGT 330.00-332.00.MCX
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