Buy Natural Gas MAR @ 365 SL 355 TGT 375-385. MCX - Kedia Advisory
CRUDE OIL
SELL CRUDEOIL MAR @ 5900 SL 5980 TGT 5820-5750. MCX
Observations
Crudeoil trading range for the day is 5701-6025.
Crude oil gains as Russia's Novak hints at OPEC+ output reversal China's crude oil imports fell 5% in the first two months of 2025 versus year-ago levels
Crude oil inventories in the US rose by 3.614 million barrels in the week ended February 28, 2025.
Gasoline stocks fell by 1.433 million, more than forecasts of a 1 million draw.
NATURAL GAS
BUY NATURALGAS MAR @ 365 SL 355 TGT 375-385. MCX
Observations
Naturalgas trading range for the day is 353.7-381.1.
Natural gas fell on record output and last week's storage draw was smaller than expected.
EIA said energy firms pulled 80 billion cubic feet (bcf) of gas out of storage during the week ended
February 28. Gas stockpiles, however, remained about 11% below normal levels for this time of year.
Average gas output in the Lower 48 U.S. states rose to 105.8 bcfd so far in March.
_0.jpg)
.jpg)
