Sell Nat Gas Apr 2022 @ 515.00 SL 535.00 TGT 490.00-478.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7675-7995.
Crude oil dropped amid fears over falling energy demand, as Shanghai extended the Covid19 lockdown to April 26.
US crude exports rise to highest since March 2020 – EIA
U.S. crude stockpiles slump as export surge to more than 2 – yr high – EIA
Japan to auction 4.8 mln barrels of national reserve oil on May 10
SELL CRUDEOIL MAY 2022 @ 7900 SL 8100 TGT 7700-7600.MCX
NATURAL GAS
Natural gas trading range for the day is 484.6-554.
Natural gas fell hastened by a larger-than-expected weekly storage build.
EIA data showed utilities added 53 billion cubic feet (bcf) of natural gas to storage last week
The number of U.S. gas rigs increased to 144 this week, matching a firgure last touched in early October 2019
However, U.S. gas stockpiles are still currently 16.8% below the five-year (2017-2021) average for this time of year.
SELL NAT GAS APR 2022 @ 515.00 SL 535.00 TGT 490.00-478.00.MCX
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