Sell NaturalGas Mar @ 395 SL 405 TGT 382-372. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL MAR @ 5850 SL 5920 TGT 5770-5700. MCX
Observations
Crudeoil trading range for the day is 5704-5904.
Crude oil gains as Russia's Novak indicated that OPEC+ decision could be reversed if market imbalances emerged.
Investors are closely monitoring OPEC+ plans after the producer group announced plans to increase output in April.
China's crude oil imports fell 5% in the first two months of 2025 versus year-ago levels.
Trump said the U.S. would increase sanctions on Russia if it fails to reach a ceasefire deal with Ukraine.
Natural Gas
SELL NATURALGAS MAR @ 395 SL 405 TGT 382-372. MCX
Observations
Naturalgas trading range for the day is 373.3-408.3.
Natural gas dropped amid rising output and forecasts for milder weather
However, downside seen limited amid higher demand outlook for next week and record flows to LNG export facilities.
Canada would reduce power and gas exports to the U.S. after U.S.
President Donald Trump imposed tariffs on Canada and Mexico.
EIA said energy firms pulled 80 billion cubic feet (bcf) of gas out of storage during the week ended February 28.
