Sell Nat Gas Aug 2022 @ 715.00 SL 735.00 TGT 680.00-660.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7393-8043.
Crude oil dropped as U.S. decides to sell more from SPR
Brent premium to U.S. crude hits widest in three years
Libya oil minister: Oil production is at 1.1mln bpd.
Russia's Gazprom tightens squeeze on gas flow to Europe
SELL CRUDEOIL AUG 2022 @ 7800 SL 7950 TGT 7600-7450.MCX
NATURAL GAS
Natural gas trading range for the day is 649.6-768.6.
Natural gas rose as a persistent heat wave in the United States drove up demand for gaspowered electricity for air conditioning.
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 AUG 2022 @ 715.00 SL 735.00 TGT 680.00-660.00.MCX
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