Sell Crudeoil APR @ 8850 SL 9000 TGT 8600-8400. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL APR @ 8850 SL 9000 TGT 8600-8400. MCX
Observations
Crudeoil trading range for the day is 8363-9125.
Crude oil prices rose as market questioned whether peace talks between U.S. and Iran would achieve a deal to end the war.
Crude inventories fell by 913,000 barrels to 463.8 million barrels in the week ended April 10, the EIA said.
U.S. gasoline stocks fell by 6.3 million barrels in the week to 232.9 million barrels, the EIA said.
Saudi Arabia’s oil supply to the market fell to 7,763 thousand barrels per day in March 2026, the lowest since June 2020.
Natural Gas
BUY NATURALGAS APR @ 244 SL 240 TGT 250-254. MCX
Observations
Naturalgas trading range for the day is 240-252.6.
Natural gas edged up on a drop in output over the past few days and forecasts for more demand than previously expected.
The U.S. EIA said energy firms added 59 bcf of gas into storage during the week ended April 10.
On a daily basis, output was on track to drop by 3.2 bcfd over the past four days to a preliminary 10-week low of 108.0 bcfd.
U.S. liquefied natural gas exports will grow through 2027 as new projects increase production – EIA.
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