Sell Crudeoil May 2021 @ 4780 SL 4850 TGT 4710-4660.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 4644-4866.
Crude oil gained amid optimism over a fuel demand recovery in countries including the US and Chinav
OPEC oil output rises by 100,000 bpd in April
Russia increased its oil production in April to almost 10.5 million barrels a day.
Russian oil output rises 2% in April following OPEC+ deal
SELL CRUDEOIL MAY 2021 @ 4780 SL 4850 TGT 4710-4660.MCX
NATURAL GASb
Natural gas trading range for the day is 212.6-224.2.
Natural gas prices steadied on forecasts for milder weather and less heating demand this week than previously expected.
Support also seen after a government report showed that US stockpiles increased more than expected last week.
EIA said U.S. utilities added 15 billion cubic feet (bcf) of gas into storage during the week ended April 23.
Data provider Refinitiv said gas output in the Lower 48 U.S. states slipped to an average of 91.3 billion cubic feet per day (bcfd) so far in April from 91.5 bcfd in Marchv
BUY NAT GAS MAY 2021 @ 216.00 SL 210.00 TGT 222.00-226.00.MCX
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