Published on 10/08/2018 10:59:36 AM | Source: Kedia Commodity Ltd

Sell Crude oil MCX Aug 2018 @ 4640 SL 4680 TGT 4600-4560 - Kedia

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips


*  Crudeoil trading range for the day is 4532-4670.

*  Crude oil gained reflecting concerns about Iranian crude supplies as the U.S. hit Tehran with new sanctions, halting Wednesday's declines.

*  China's crude imports recovered slightly in July after two months of decline, but were still among the lowest this year due to a drop-off in demand.

*  China took 8.48 million barrels per day (bpd) last month, up from 8.18 million bpd a year earlier and June's 8.36 million bpd, customs data showed.

*  The U.S. EIA reported that crude inventories fell 1.4 million barrels in the latest week, less than half the 3.3 million-barrel draw.

*  SELL CRUDEOIL AUG 2018 @ 4640 SL 4680 TGT 4600-4560.MCX


*  Naturalgas trading range for the day is 201.1-204.7.

*  Natural gas traded in range following the release of a government report showing a weekly storage build that was in line with estimates.

*  Warmer than normal weather is expected to cover most of the United States for the next 8-14 days.

*  The amount of natural gas in US storage facilities increased 46 Bcf to 2.354 Tcf in the week that ended August 3, the US Energy Information Administration reported

*  Stocks were 671 Bcf, or 22%, below the year-ago level of 3.025 Tcf and 572 Bcf, or 20%, under the five-year average of 2.926 Tcf.

*  BUY NAT GAS AUG 2018 @ 202.50 SL 200.00 TGT 205.50-207.50.MCX

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