Buy Natural gas Jul 2022 @ 430.00 SL 410.00 TGT 460.00-480.00.MCX - Kedia Advisory
CRUDEOIL
Crude oil trading range for the day is 7254-8328.
Crude oil dropped as a strike in the Norwegian oil and gas sector came to an end, avoiding a 341K loss of barrels of oil by the weekend.
Renewed concerns of COVID-19 lockdowns across China could also weighed on prices gains.
Crude oil supplies to CPC pipeline continuing as usual
Kazakhstan discusses steps to tackle CPC oil export restrictions
SELL CRUDEOIL JUL 2022 @ 7950 SL 8100 TGT 7700-7600.MCX
NATURAL GAS
Natural gas trading range for the day is 412-468.2.
Natural gas climbed on a drop in daily output and forecasts for hotter weather and more air conditioning demand next week than previously expected
Average gas output in the U.S. Lower 48 states rose to 96.0 billion cubic feet per day (bcfd) so far in July
On a daily basis, U.S. output was on track to drop 1.8 bcfd on Wednesday to a preliminary 94.7 bcfd.
With hotter weather coming, average U.S. gas demand including exports would rise from 95.8 bcfd this week to 99.2 bcfd next week.
BUY NAT GAS JUL 2022 @ 430.00 SL 410.00 TGT 460.00-480.00.MCX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
