Buy Natural Gas Jul 2023 @ 212 SL 207 TGT 218-222. NCDEX - Kedia Advisory
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Crude Oil
Observations
Crudeoil trading range for the day is 6110-6360
Crude oil prices gained buoyed by tighter
U.S. crude supplies US crude stocks fall in latest week on exports, refinery runs – EIA
Crude inventories fell by 708,000 barrels in the last week to 457.4 million barrels
US SPR oil stocks rise for the first time in 2 yrs – EIA
SELL CRUDEOIL Aug 2023 @ 6250 SL 6350 TGT 6150-6050. MCX
Natural Gas
Observations
Naturalgas trading range for the day is 209.7-221.1
Nat. gas fell due to reduced demand & slow growth in gas flowing to LNG plants.
That price decline came even though daily output dropped
Meteorologists forecast the weather in the Lower 48 states would remain hotter-than-normal through at least Aug. 3.
US natgas storage injections exceed 5 – yr average this summer – EIA
BUY NAT GAS Jul 2023 @ 212 SL 207 TGT 218-222. NCDEX
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