Sell Nat Gas Mar 2021 @ 184.00 SL 188.50 TGT 179.50-176.50.MCX - Kedia Advisory
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Curde Oil
Crude oil trading range for the day is 4232-4612.
Crude oil prices dropped as a new wave of COVID-19 infections wash across Europe, spurring new lockdowns and dampening hopes for a recovery in demand
U.S. shale oil output to drop 46,000 bpd to 7.46 mln bpd in April -EIA
Saudi's January crude exports hit highest in nine months
Russia's daily crude exports set to drop 3% in Q2
SELL CRUDEOIL APR 2021 @ 4490 SL 4580 TGT 4380-4320.MCX
Natural Gas
Natural gas trading range for the day is 176.4-187.8.
Natural gas rose on record liquefied natural gas (LNG) exports and forecasts calling for cooler weather next week than previously expected.
Prices have been under pressure in recent weeks as falling demand and rising output reduce weekly storage withdrawals
U.S. natural gas production will edge up in 2021, while demand declines for a second year in a row
The EIA projected dry gas production will rise to 91.35 bcfd in 2021 and 92.83 bcfd in 2022 from 91.34 bcfd in 2020.
SELL NAT GAS MAR 2021 @ 184.00 SL 188.50 TGT 179.50-176.50.MCX
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