Buy Crudeoil APR @ 8850 SL 8720 TGT 9000-9150. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL APR @ 8850 SL 8720 TGT 9000-9150. MCX
Observations
Crudeoil trading range for the day is 7505-10921.
Crude oil plunged after President Donald Trump delayed his threat to attack Iranian civilian infrastructure by two weeks
US crude oil inventories jumped by 3.72 million barrels as stocks continued to climb for a fourth straight week - EIA
US oil output fell the most in 2 years during January winter storm, EIA data shows
Russia said Ukrainian drones attacked the Caspian Pipeline Consortium's terminal on the Black Sea, which handles 1.5% of global oil supply.
Natural Gas
BUY NATURALGAS APR @ 250 SL 246 TGT 255-258. MCX
Observations
Naturalgas trading range for the day is 248.4-265.
Natural gas fell tracking broader weakness across global energy markets after the US and Iran agreed to a two-week ceasefire.
Additional pressure came from forecasts pointing to milder weather and weaker demand over the next two weeks.
U.S. natural gas output will rise to a record high in 2026, while demand will decline – EIA.
EIA projected dry gas production will rise from a record 107.7 bcfd in 2025 to 109.6 bcfd in 2026 and 112.6 bcfd in 2027.
