Buy Naturalgas May @ 188 SL 184 TGT 193-196. MCX - Kedia Advisory
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CRUDE OIL
Observation
Crudeoil trading range for the day is 6544-6706.
Crude oil prices rose as falling U.S. crude inventories and higher Chinese imports supported.
US crude stockpiles fall, products post surprise build, EIA says
US seeks to buy more than 3 mln barrels of oil for SPR, Energy Department says
China April oil imports rise 5.45% from a year ago CRUDEOIL JUN-MAY -19.00
BUY CRUDEOIL MAY @ 6550 SL 6500 TGT 6640-6720. MCX
NATURAL GAS
Observation
Naturalgas trading range for the day is 175.3-201.1.
Natural gas rose after a smaller-than-expected storage build.
US utilities added 79 billion cubic feet (bcf) of gas into storage last week
US natgas flows to Freeport LNG in Texas seen at 16 – week high
Output has declined by approximately 2.3 billion cubic feet per day (bcfd) over the past six days.
BUY NATURALGAS MAY @ 188 SL 184 TGT 193-196. MCX
