Sell Crudeoil Apr @ 6180 SL 6250 TGT 6100-6050. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL APR @ 6180 SL 6250 TGT 6100-6050. MCX
Observations
Crudeoil trading range for the day is 6014-6222.
Crude oil gains amid Trump's recent threat of secondary duties on Russian oil and increased sanctions on Iran
U.S. crude oil production fell by 305,000-barrels-per-day (bpd) to 13.15 million bpd in January
Crude oil inventories in the US rose by 6.165 million barrels - EIA
API data showed crude oil rose by 6 million barrels, while gasoline fell by 1.6 million barrels.
Natural gas
SELL NATURALGAS APR @ 355 SL 362 TGT 345-335. MCX
Observations
Naturalgas trading range for the day is 333.7-357.1.
Natural gas climbed on a drop in daily output.
US gas output on track to drop from record high in March
US LNG export feedgas on track to drop from record high in March
US gas inventories on track for rare build in March
