Buy Natural GasMAY @ 275 SL 270 TGT 280-285. MCX - Kedia Advisory
CRUDE OIL
BUY CRUDEOIL MAY @ 9300 SL 9100 TGT 9600-9800. MCX
Observations
Crudeoil trading range for the day is 8961-9769.
Crude oil prices rallied a day after Trump calls Iran's response to US peace proposal 'unacceptable'
3 more tankers exit Strait of Hormuz with trackers switched off
Saudi Arabian crude oil exports to China are expected to fall further in June
ANZ expected Brent to remain above $90 per barrel through 2026
NATURALGAS
BUY NATURALGAS MAY @ 275 SL 270 TGT 280-285. MCX
Observations
Naturalgas trading range for the day is 257.4-288.2.
Natural gas rose amid a continued drop in output Production has been trending lower, as major producers such as EQT curtailed output.
The EIA reported a 63 bcf injection for the week ended May 1, below forecasts of 74 bcf
Flows to major gas export terminals have eased from April’s record highs due to seasonal maintenance.
