Sell Crudeoil MAY @ 9250 SL 9400 TGT 9100-9000. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL MAY @ 9250 SL 9400 TGT 9100-9000. MCX
Observations
Crudeoil trading range for the day is 8494-9586.
Crude oil climbed as tensions between the US and Iran persisted after failed peace talks.
US export demand has surged, supported by falling domestic fuel inventories.
Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA says
Crude inventories rose by 1.9 million barrels to 465.7 million barrels in the week ended April 17, the EIA said.
Natural Gas
BUY NATURALGAS APR @ 240 SL 236 TGT 244-248. MCX
Observations
Naturalgas trading range for the day is 232.3-263.5.
Natural gas slid on ample amounts of gas in storage and expectations of injecting more gas into storage.
US gas storage levels seen at 7% above normal; mild weather boosts injections
Waha Hub prices remain negative due to pipeline constraints in Permian region
US LNG exports at record highs, but domestic prices unaffected by global events
