BUY NATURALGAS MAY @ 290 SL 285 TGT 295-300. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUN @ 9400 SL 9250 TGT 9600-9800. MCX
Observations
Crudeoil trading range for the day is 8934-10368.
Crude oil fell as traders grew cautiously optimistic that the US and Iran could eventually reach an agreement.
US President Trump said the conflict with Iran could end “very quickly”.
Reports indicated that three supertankers carrying crude departed the Strait on Wednesday.
Citi said that it expected Brent crude to rise to $120 a barrel in the near term.
Natural Gas
BUY NATURALGAS MAY @ 290 SL 285 TGT 295-300. MCX
Observations
Naturalgas trading range for the day is 281.5-308.3.
Natural gas dropped on forecasts for less demand than previously expected, ample amounts of fuel in storage.
U.S. natural gas output will rise to a record high in 2026, while demand will decline.
U.S. natural gas storage is on track to end the April-October summer injection season at a 10-year high of 3.945 tcf on October 31, 2026.
Goldman Sachs says US natural gas output shows signs of price sensitivity.
