SELL CRUDEOIL MAR @ 8900 SL 9000 TGT 8760-8660. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL MAR @ 8900 SL 9000 TGT 8760-8660. MCX
Observations
Crudeoil trading range for the day is 8454-9314.
Crude oil jumped as Iran continued attacks on energy infrastructure across the Middle East.
Operations at the Shah gas field in the UAE were suspended, and an Iraqi oil field was also struck by drones and missiles.
Loadings from Fujairah were again halted, further straining global supply as the war enters its third week.
President Trump said Washington is focused on degrading Tehran’s ability to threaten international shipping.
Natural Gas
SELL NATURALGAS MAR @ 282 SL 288 TGT 275-270. MCX
Observations
Naturalgas trading range for the day is 274-290.8.
Natural gas edged up on a drop in output over the past few days, likely due to freezing pipes in North Dakota.
That price increase came despite forecasts for milder weather and lower heating demand over the next couple of weeks.
Average gas output in the U.S. Lower 48 states rose to 109.9 bcfd so far in March, up from 109.2 bcfd in February.
U.S. natural gas prices at the Henry Hub benchmark in Louisiana will rise to an average of $3.94 per mmbtu in 2026.
