Buy Crudeoil Jul 2021 @ 5420 SL 5360 TGT 5480-5520.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 5327-5527.
Crude oil settled flat paring all gains seen after a sharp drawdown in U.S. crude and gasoline stocks
U.S. crude, gasoline stockpiles slump last week-EIA
Iran says U.S. to lift oil sanctions, U.S. says nothing agreed
OPEC+ meeting on July 1 set to discuss further easing of curbs
BUY CRUDEOIL JUL 2021 @ 5420 SL 5360 TGT 5480-5520.MCX
NATURAL GAS
Natural gas trading range for the day is 241-262.
Natural gas rose on a smaller-than-expected storage build, forecasts for hotter weather over the next two weeks.
EIA said utilities added 55 billion cubic feet (bcf) of gas into storage during the week ended June 18.
Data provider Refinitiv said gas output in the Lower 48 U.S. states averaged 91.6 bcfd so far in June
U.S. speculators boosted their net long futures and options positions last week by the most since February to their highest since March
BUY NAT GAS JUN 2021 @ 218.00 SL 212.00 TGT 224.00-226.50.MCX
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