Buy Naturalgas Apr @ 140 SL 136 TGT 145-148. MCX - Kedia Advisory
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Crudeoil
Crudeoil trading range for the day is 6966-7240.
Crude oil prices drifted lower after Iran's weekend attack on Israel.
IEA trims oil demand forecast on weakness in wealthier countries
Money managers raised their net long U.S. crude futures and options positions
U.S. imports of Mexican crude oil fall to lowest on record, EIA says CRUDEOIL MAY-APR -30.00
BUY CRUDEOIL APR @ 7050 SL 6950 TGT 7150-7250. MCX
Naturalgas
Naturalgas trading range for the day is 135.6-152.
Natural gas dropped on worries about a huge storage surplus.
Pressure also seen amid forecasts for lower demand over the next two weeks than previously expected.
U.S. drillers cut the number of gas rigs operating by one to 109, their lowest since January 2022
Gas output in the Lower 48 U.S. states fell to an average of 98.8 bcfd so far in April
BUY NATURALGAS APR @ 140 SL 136 TGT 145-148. MCX
