Sell Crudeoil June 2022 @ 9500 SL 9650 TGT 9250-9150.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 9098-9696.
Crude oil slipped as China imposed new COVID-19 lockdown measures and U.S. consumer prices rose more than expected
Oil output at Libya's Sarir field has also been reduced after the ports of Ras Lanuf and Es Sider were closed
Kuwait raises July crude prices for Asia
Saudi cuts crude supply to some Asian refiners in July
SELL CRUDEOIL JUN 2022 @ 9500 SL 9650 TGT 9250-9150.MCX
NATURAL GAS
Natural gas trading range for the day is 654.9-732.1.
Natural gas gained on record power demand in Texas, a smaller-than-usual storage build, low wind power and a decline in gas production.
Crude oil slipped as China imposed new COVID-19 lockdown measures and U.S. consumer prices rose more than expected Monday, June 13, 2022 U.S. storage was currently about 15%, or 340 bcf, below normal levels for this time of year, its lowest since April 2019.
EIA said utilities added 97 bcf of gas to storage during the week ended June 3.
Average gas output in the U.S. Lower 48 states fell to 94.8 bcfd so far in June from 95.1 bcfd in May.
SELL NAT GAS JUN 2022 @ 720.00 SL 750.00 TGT 670.00-640.00.MCX
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