Buy Nat Gas Sep 2022 @ 725.00 Sl 700.00 Tgt 765.00-780.00.Mcx - Kedia Advisory
CRUDEOIL
Crude oil trading range for the day is 6749-7239.
Crude oil prices dropped as investors were worried that aggressive interest rate hikes from global policymakers would slow economies and dent fuel demand.
OPEC oil output in August hits highest since pandemic's early days
OPEC output rises 690,000 bpd from July, with gains led by Libya
OPEC+ JTC's base case sees market deficit of 300,000 bpd in 2023
SELL CRUDEOIL SEP 2022 @ 7150 SL 7300 TGT 6950-6850.MCX
NATURAL GAS
Natural gas trading range for the day is 704-767.4.
Natural gas gained supported by above-normal temperatures, which boosted cooling demand and overall higher European gas prices.
Gas supplies via Nord Stream from Russia to Europe have been temporarily suspended
Norway's natural gas production could set new record this year
Germany will have less than 3 months of gas if Russia halts supply
BUY NAT GAS SEP 2022 @ 725.00 SL 700.00 TGT 765.00-780.00.MCX
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