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CRUDEOIL

Crude oil trading range for the day is 5165-5707.

Crude oil dropped as investors feared this week's collapse in OPEC+ talks could mean more supply, not less, is on the way.

U.S. crude inventories expected to fall in weekly reports

U.S. closely monitoring OPEC+ talks, White House says

Goldman says crude oil output path uncertain as OPEC+ talks cease

SELL CRUDEOIL JUL 2021 @ 5450 SL 5520 TGT 5360-5320.MCX

NATURAL GAS

Natural gas trading range for the day is 256.1-282.7.

Natural gas fell as forecasts projected cooler weather over the next two weeks, while output is expected to rise.

Forecast show a broader area of normal to below normal temperatures, especially in the gas consuming areas, weighing on the market

As for storage, the Energy Information Administration reported a 55 Bcf injection into inventories for the week ending June 11.

Output decline was due to a problem with a natural gas liquids pipeline in West Virginia.

BUY NAT GAS JUL 2021 @ 218.00 SL 212.00 TGT 224.00-226.50.MCX

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