Sell Nat Gas Aug 2022 @ 760.00 SL 790.00 TGT 725.00-710.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7082-7738.
Crude oil rose as tight supply moved back into focus as a result of Saudi Arabia floating the idea of OPEC+ output cuts to support prices
Saudi Energy Minister Abdulaziz: OPEC+ may need to tighten output in order to stabilise the market.
Saudi says OPEC+ can cut output to address oil slump
Iran has dropped some demands for nuclear deal - U.S. official
SELL CRUDEOIL SEP 2022 @ 7650 SL 7800 TGT 7400-7250.MCX
NATURAL GAS
Natural gas trading range for the day is 681.9-828.7.
Natural gas prices dropped on news of a further delay in the resumption of initial operations at the Freeport LNG export plant in Texas.
U.S. natgas futures hit $10/mmbtu for first time since 2008
Russia's Gazprom said it would halt flows through the Nord Stream 1 pipeline to Europe for three days of maintenance at the end of August.
The temperatures in the US this summer remain high, with several heatwaves boosting demand for air conditioners.
SELL NAT GAS AUG 2022 @ 760.00 SL 790.00 TGT 725.00-710.00.MCX
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