Sell Natural Gas MAY @ 236 SL 240 TGT 230-226. MCX - Kedia Advisory
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Crudeoil
Crudeoil trading range for the day is 6412-6578.
Crude oil fell following a surprise rise in US crude stockpiles.
Crude oil inventories in the US rose by 1.825 million barrels last week
The risk premium from Middle Eastern tensions has waned as oil supplies remain unaffected.
US imports of Mexican crude oil fall to lowest on record, EIA says
SELL CRUDEOIL JUN @ 6550 SL 6620 TGT 6450-6400. MCX
NATURALGAS
Naturalgas trading range for the day is 210.6-247.8.
Natural gas gains amid an increase in the amount of gas flowing to LNG export plants.
However upside seen limited on signs producers started increasing output.
Gas output in the Lower 48 U.S. states fell to an average of 97.3 bcfd so far in May.
Meteorologists projected weather across the Lower 48 states would be warmer than normal from May 22-27
SELL NATURALGAS MAY @ 236 SL 240 TGT 230-226. MCX
