Sell Crudeoil Jun 2022 @ 9100 SL 9250 TGT 8850-8750.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 8475-9383.
Crude oil gains after U.S. crude inventories fell more than expected amid high demand for fuel
Russia is raising oil output in June, maintains cooperation with OPEC+ – Novak
Iran's oil production capacity nears 4 mln bpd
OPEC+ working on making up for lower Russian oil output
SELL CRUDEOIL JUN 2022 @ 9100 SL 9250 TGT 8850-8750.MCX
NATURAL GAS
Natural gas trading range for the day is 622.4-728.
Natural gas slid on a slightly bigger than expected storage build and forecasts for lower demand next week than previously expected.
Crude oil gains after U.S. crude inventories fell more than expected amid high demand for fuel Friday, June 3, 2022 U.S. gas production must accelerate to meet LNG export demand
Barclays says U.S. natural gas output growth likely to remain subdued
Data provider Refinitiv said average gas output in the U.S. Lower 48 states rose to 95.1 billion cubic feet per day (bcfd) in May from 94.5 bcfd in April
SELL NAT GAS JUN 2022 @ 685.00 SL 710.00 TGT 645.00-620.00.MCX
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