Buy Nat Gas AUG 2022 @ 640.00 SL 620.00 TGT 670.00-685.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6766-7444.
Crude oil dropped as investors are coming to terms that higher interest rates and theglobal economic slowdown will heavily impact the demand
U.S. crude, gasoline stockpiles rise unexpectedly – EIA
U.S. SPR crude stockpiles fall to lowest since May 1985 – EIA
Kashagan oil output down sharply due to technical issues
SELL CRUDEOIL AUG 2022 @ 7250 SL 7400 TGT 7000-6850.MCX
NATURAL GAS
Natural gas trading range for the day is 595.9-697.5.
Natural gas rose after Freeport LNG, a key export terminal in Texas, reached anagreement with regulators to restart as soon as October.
Russia has already halted shipments to Demark, Finland, Bulgaria, the Netherlands, andPoland and reduced supplies to Germany
The United States became the world's top LNG exporter during the first half of 2022.
Average gas output in the U.S. Lower 48 states rose to 97.4 bcfd so far in August from arecord 96.7 bcfd in July
BUY NAT GAS AUG 2022 @ 640.00 SL 620.00 TGT 670.00-685.00.MCX
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