BUY CRUDEOIL MAR @ 8360 SL 8260 TGT 8550-8750. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL MAR @ 8360 SL 8260 TGT 8550-8750. MCX
Observations
Crudeoil trading range for the day is 6853-9273.
Crude oil rallied as the escalating Middle East conflict severely disrupted global energy flows.
Qatar’s Energy Minister Saad al-Kaabi has warned that a halt in Gulf energy exports could push crude prices as high as $150 per barrel.
The US signaled possible actions to ease pressure, including the potential release of oil from strategic reserves.
Saudi Arabia raised oil prices for Asian buyers and redirected shipments through Red Sea ports to bypass Hormuz.
Natural Gas
BUY NATURALGAS MAR @ 292 SL 285 TGT 298-305. MCX
Observations
Naturalgas trading range for the day is 262-315.4.
Natural gas climbed amid concerns that the Middle East conflict could cause prolonged disruptions to vital gas supplies.
Uncertainty over the timeline for restoring full operations at QatarEnergy’s Ras Laffan plant, has heightened fears of a potential supply shortfall.
Additional support for prices has come from a bigger-than-expected storage withdrawal, alongside warmer weather forecasts.
US energy firms withdrew 132 bcf of natural gas from storage, 2026, slightly above expectations for a 121 bcf draw.
