Sell Naturalgas Mar @ 398 SL 410 TGT 384-372. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL MAR @ 5840 SL 5920 TGT 5750-5680. MCX
Observations
Crudeoil trading range for the day is 5681-5957.
Crudeoil dropped as fuel consumption continued to be hampered by escalating trade wars.
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.
Russia's Deputy Prime Minister Alexander Novak said that OPEC+ could reverse the decision in the event of market imbalance.
Natural Gas
SELL NATURALGAS MAR @ 398 SL 410 TGT 384-372. MCX
Observations
Naturalgas trading range for the day is 369.7-420.1.
Natural gas rose as colder-than-usual weather fuelled concerns over supply replenishment ahead of summer.
Support also seen on record flows to liquefied natural gas export (LNG) plants.
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.
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