Sell Crudeoil Aug 2022 @ 7900 SL 8050 TGT 7700-7550.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7325-7939.
Crude oil gains as concerns about outlook for energy demand eased slightly
Libya to increase oil output to 1.2 mln bpd in 2 weeks - NOC
EU tweaks sanctions to unblock Russian oil deals with third countries
Russia won't supply oil to countries impose price cap - c.bank
SELL CRUDEOIL AUG 2022 @ 7900 SL 8050 TGT 7700-7550.MCX
NATURAL GAS
Natural gas trading range for the day is 655-712.4.
Natural gas prices rose on prospects of an increasing need for cooling as the weather remains hotter than usual in the United States.
The latest EIA's weekly inventory report showed utilities injected just 34 billion cubic feet (bcf) of natural gas into underground storage last week.
The number of rigs drilling for natural gas in the United States rose by 2 this week to 155
Average gas output in the U.S. Lower 48 states has risen to 96.1 bcfd so far in July from 95.3 bcfd in June.
SELL NAT GAS JUL 2022 @ 715.00 SL 735.00 TGT 680.00-660.00.MCX
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