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Sell Nat Gas Jun 2022 @ 600.00 SL 620.00 TGT 670.00-650.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 8503-9275.
Crude oil gains as tight supply levels outweighed concerns about the outlook for energy demand.
Russia’s Deputy PM Novak: Russia can increase oil production in July.
Russia’s Deputy PM Novak: Russian oil production is restoring as oil flows are redirected.
Russia could stay in OPEC+ deal beyond 2022 – deputy PM
SELL CRUDEOIL JUL 2022 @ 9100 SL 9250 TGT 8900-8750.MCX
NATURAL GAS
Natural gas trading range for the day is 538.6-647.6.
Natural gas dropped amid bigger-than-usual stockpile build, a revised increase in the amount of gas in storage and a decline in forecast U.S. gas demand.
EIA said U.S. utilities added 92 billion cubic feet (bcf) of gas to storage during the week ended June 10.
U.S. storage is currently about 15%, or 340 bcf, below normal levels for this time of year, its lowest since April 2019.
The Freeport restart could take 90 days rather than the initial three-week estimate
SELL NAT GAS JUN 2022 @ 600.00 SL 620.00 TGT 670.00-650.00.MCX
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