BUY CRUDEOIL MAR @ 7380 SL 7300 TGT 7500-7600. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL MAR @ 7380 SL 7300 TGT 7500-7600. MCX
Observations
Crudeoil trading range for the day is 6444-8948.
Crude oil prices fell after Trump said the war in the Middle East could end soon
Iran says oil blockade will continue until attacks end, Trump threatens to hit harder
SAUDI, UAE, IRAQ, KUWAIT cut oil output by as much as 6.7m b/d
Middle East oil-output cuts deepen as ships stay clear of Hormuz
Natural Gas
BUY NATURALGAS MAR @ 275 SL 270 TGT 280-285. MCX
Observations
Naturalgas trading range for the day is 261.7-298.7.
Natural gas fell after US President Donald Trump said the Iran war could end “very soon,” easing pressure.
Russia offers conditional oil and gas supplies to Europe amid Hormuz disruptions.
Warmer-than-normal weather forecasts across much of the US through late March are expected to reduce heating demand.
Average gas output in the U.S. Lower 48 states rose to 110.0 bcfd so far in March, up from 109.2 bcfd in February
