Sell Crude Oil Aug 2023 @ 6250 SL 6350 TGT 6150-6050. MCX - Kedia Advisory
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Crude Oil
Observations
Crudeoil trading range for the day is 6020-6340
Crude oil rose amid signs of tightening US oil supplies.
US shale oil production is expected to drop to nearly 9.4 million barrels per day in August.
Two of the three Libyan oil fields shut last week resumed production, bringing a total output capacity of 370,000 barrels per day
Nigeria's oil output plunge to 1.249 mb/d as oil theft worsens
SELL CRUDEOIL Aug 2023 @ 6250 SL 6350 TGT 6150-6050. MCX
Natural Gas
Observations
Naturalgas trading range for the day is 205.1-223.3
Natural gas climbed on forecasts for the weather to remain hotter-than-normal
That price increase came despite rising output, forecasts for less demand next week.
US natgas storage injections exceed 5 – yr average this summer – EIA
Meteorologists forecast the weather in the Lower 48 states would remain hotter-than-normal through at least Aug. 2.
BUY NAT GAS Jul 2023 @ 212 SL 207 TGT 218-222. NCDEX
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
