BUY CrudeOil Jun @ 9900 SL 9750 TGT 10100-10300. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUN @ 9900 SL 9750 TGT 10100-10300. MCX
Observations
Crudeoil trading range for the day is 9777-10275.
Crude oil gains as US-Iran peace talks stalled and shipping through the vital Strait of Hormuz remained effectively closed.
Trump said he had paused a planned resumption of attacks on Iran
Iran seeks lifting of sanctions, release of funds and end to US blockade
US extends sanctions waiver on Russian seaborne oil
Natural Gas
BUY NATURALGAS MAY @ 295 SL 290 TGT 302-306. MCX
Observations
Naturalgas trading range for the day is 285.9-307.1. Natural gas rose amid hotter weather forecasts and falling output.
High temperatures are expected across much of the southern and eastern US through midweek, potentially boosting gas demand.
Production continued to decline, as some energy companies, such as EQT, curtailed output in response to persistently weak spot prices.
Flows to major US export facilities eased from a monthly record of 18.8 bcfd in April to around 17.0 bcfd so far in May
