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2025-03-18 10:38:30 am | Source: Kedia Advisory
Buy Crudeoil Mar @ 5820 SL 5740 TGT 5900-5960. MCX - Kedia Advisory
Buy Crudeoil Mar @ 5820 SL 5740 TGT 5900-5960. MCX - Kedia Advisory

Crudeoil

BUY CRUDEOIL MAR @ 5820 SL 5740 TGT 5900-5960. MCX

Observations

Crudeoil trading range for the day is 5792-5958.

Crude oil prices rose after China promised new measures, and U.S. ordered attacks on Yemen's Houthis.

Goldman Sachs has lowered its December 2025 and average 2026 forecasts for Brent and WTI crude oil prices.

Crude stocks in the U.S. Strategic Petroleum Reserve rose to 395.6 million barrels last week, the highest level since November 2022

Crude stocks in the government's emergency reserve rose by 275,000 barrels in the week ended March 7, according to the EIA data.

 

Natural Gas 

SELL NATURALGAS MAR @ 356 SL 364 TGT 345-340. MCX

Naturalgas trading range for the day is 338.5-372.7.

Natural gas eased on record output, and forecasts for the weather to remain mild through the start of April.

US LNG export feed gas on track to hit record high in March

Meteorologists projected weather would remain mostly warmer than normal through April 1.

Gas stockpiles, however, remained about 12% below normal levels for this time of year.

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