Sell Natural Gas APR @ 345 SL 355 TGT 335-325. MCX - Kedia Advisory
CRUDE OIL
SELL CRUDEOIL APR @ 6150 SL 6220 TGT 6070-6000. MCX
Observations
Crudeoil trading range for the day is 6047-6217.
Crudeoil dropped as traders await U.S. reciprocal tariffs announcement to assess the impact on fuel demand.
Russia ordered Kazakhstan's main oil export terminal to close two of its three moorings
Tariffs on buyers of oil from Russia would disrupt global supply and hurt, China and India.
The market will be watching an April 5 OPEC+ ministerial committee meeting to review policy.
NATURAL GAS
SELL NATURALGAS APR @ 345 SL 355 TGT 335-325. MCX
Observations
Naturalgas trading range for the day is 329.4-361.6.
Natural gas eased on record output in March and forecasts for milder weather
US LNG export feedgas hit monthly record in March
US gas inventories on track for rare build in March
Gas stockpiles however were still about 5% below normal levels for this time of year.
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