Sell Nat Gas Mar 2021 @ 204.00 SL 210.00 TGT 196.50-192.00.MCX - Kedia Advisory
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Curde Oil
Crude oil trading range for the day is 4613-5045.
Crude oil dropped as investors shrug off reports of attacks on oil facilities in eastern Saudi Arabia, including a Saudi Aramco facility at Ras Tanura vital to petroleum exports.
China's crude oil imports for the first two months of 2021 reached 89.57 million tonnes, up 4.1% from a year ago
Speculators cut U.S. crude oil net longs-CFTC
Saudi raises April crude official prices to Asia
BUY CRUDEOIL MAR 2021 @ 4665 SL 4580 TGT 4760-4820.MCX
Natural Gas
Natural gas trading range for the day is 188.7-202.9.
Natural gas slipped on forecasts for mild weather through late March.
The fall came despite forecasts for higher-than-expected demand over the next two weeks as low gas prices prompt power generators to burn more gas
Speculators cut their net long positions on the NYMEX and Intercontinental Exchanges for a second week in a row last week for the first time since December
Data provider Refinitiv said output in the Lower 48 U.S. states had averaged 91.0 billion cubic feet per day (bcfd) so far in March.
SELL NAT GAS MAR 2021 @ 204.00 SL 210.00 TGT 196.50-192.00.MCX
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