Sell Crudeoil Apr @ 5950 SL 6050 TGT 5850-5750. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL APR @ 5950 SL 6050 TGT 5850-5750. MCX
Observations
Crudeoil trading range for the day is 5836-6038.
Crude oil dropped on reports Russia and Ukraine have agreed to a partial ceasefire covering the Black Sea.
Trump says countries buying Venezuelan oil to face 25% tariff
OPEC+ likely to raise oil output for a second month in May
U.S. commercial crude oil imports fell last week by 85,000 bpd to 5.4 million bpd.
Natural Gas
BUY NATURALGAS APR @ 325 SL 315 TGT 335-345. MCX
Observations
Naturalgas trading range for the day is 318.9-351.7.
Natural gas slid on record output and forecasts for milder weather
Natgas flows to Freeport LNG plant in Texas set to rise after lightning strike
US LNG export feedgas set to hit monthly record in March
US gas inventories on track for unusual build in March
