BUY NATURALGAS JUN @ 296 SL 292 TGT 300-304. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUN @ 8600 SL 8400 TGT 8800-9000. MCX
Observations
Crudeoil trading range for the day is 8356-9306.
Crude oil gains after Israel launched renewed strikes on Lebanon despite a truce between the two countries.
OPEC+ agrees to output hike, but impact limited by supply constraints
Israel strikes on Beirut raise concerns over US-Iran peace deal and Hormuz reopening
Iran retaliates with missile attacks on Israel, Trump urges Netanyahu not to respond
Natural Gas
BUY NATURALGAS JUN @ 296 SL 292 TGT 300-304. MCX
Observations
Naturalgas trading range for the day is 292.3-309.7.
Natural gas fell on a small increase in output and lingering LNG export plant maintenance
Output rises slightly, LNG export plant maintenance continues, pressuring prices
Mild spring weather allowed higher gas storage, surplus narrows as output dips
LSEG projects rising gas demand with warmer weather, LNG exports remain below April highs
