Buy Natural Gas MAY @ 262 SL 258 TGT 268-272. MCX - Kedia Advisory
CRUDE OIL
SELL CRUDEOIL MAY @ 9800 SL 10000 TGT 9500-9300. MCX
Observations
Crudeoil trading range for the day is 9082-10360.
Crude oil dropped as hopes grew that a fragile US-Iran ceasefire could lead to lasting peace.
IEA head Birol reaffirms that world facing biggest energy crisis in history
US crude oil output rose to two – month high in February, EIA says
US crude oil exports rose last week to record high, EIA says
NATURAL GAS
BUY NATURALGAS MAY @ 262 SL 258 TGT 268-272. MCX
Observations
Naturalgas trading range for the day is 257.6-272.8.
Natural gas climbed amid an in-line storage injection, a decline in output and near-record LNG exports.
EIA reported a 79 Bcf injection into storage and smaller than both previous week
Production has weakened further, falling by around 2.0 bcfd over the past five days
LNG export feedgas rose to 18.8 bcfd so far in April from 18.6 bcfd in March
