Sell Nat Gas Apr 2022 @ 0.00 SL 0.00 TGT 0.00-0.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6909-7501.
Crude oil fell as major consumers announced plans to release crude from strategic reserves and as lockdowns continued in top importer China.
IEA members to release 60 mln barrels over 6 months
U.S. producers added 13 oil rigs in the week to April 8
Shanghai extends lockdown to cope with COVID-19
SELL CRUDEOIL APR 2022 @ 0 SL 0 TGT 00-00.MCX
NATURAL GAS
Natural gas trading range for the day is 466-522.8.
Natural gas prices rose amid lingering worries about global energy supplies exuberated by the war in Ukraine against a growing demand backdrop.
European Union countries agreed to ban coal imports from Russia while pledged to start working on an embargo on Russian oil, gas and nuclear fuel
Shipments of LNG to Europe are already at record levels, and the US is facing significant pressure to help the continent secure further supplies.
Supporting prices further were inventory data showing a more-than-anticipated draw of 33 bcf last week to a nearly 3-year low.
SELL NAT GAS APR 2022 @ 0.00 SL 0.00 TGT 0.00-0.00.MCX
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