Buy Naturalgass @ 130 SL 127 TGT 134-137. MCX - Kedia Advisory
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Crude Oil
Observations:
Crudeoil trading range for the day is 6210-6648.
Crude oil gains as report projected an increase in global oil demand.
IEA trims 2024 oil demand growth forecast
Raises supply growth estimates
Expects slight build in inventories in Q1 despite OPEC+ cuts
BUY CRUDEOIL S @ 6450 SL 6350 TGT 6550-6650. MCX
Naturalgas
Observations:
Naturalgas trading range for the day is 126.8-143.2.
Natural gas slid on rising, near-record output
US utilities pulled 49 billion cubic feet of natural gas from storage.
Decrease cut stockpiles to 2.535 tcf, 255 bcf higher than last year at this time.
Meteorologists projected the weather across the Lower 48 states would remain mostly warmer than normal through March 1
BUY NATURALGAS S @ 130 SL 127 TGT 134-137. MCX
