Sell Nat Gas Jul 2022 @ 470.00 SL 490.00 TGT 440.00-420.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 8371-8917.
Crude oil gains on concerns of tight supply amid lower OPEC output, unrest in Libya and sanctions on Russia
Libya's exports have dropped to between 365,000 bpd and 409,000 bpd, down about 865,000 bpd compared to normal levels
Production at Venezuela's largest refinery hit by blackout
OPEC output in June fell 100,000 bpd to 28.52 million bpd
SELL CRUDEOIL JUL 2022 @ 8850 SL 9000 TGT 8700-8600.MCX
NATURAL GAS
Natural gas trading range for the day is 435.6-480.
Natural gas jumped due to a technical bounce and forecasts for hotter weather and higher demand over the next two weeks than previously expected.
Gas output in the U.S. Lower 48 states held at a preliminary 95.1 bcfd on the first day of July, the same as the average for June.
The U.S. EIA said utilities added 82 bcf of gas to storage during the week ended June 24.
U.S. pipeline safety regulators said they found unsafe conditions at Freeport and will not allow the plant to restart until an outside analysis is complete.
SELL NAT GAS JUL 2022 @ 470.00 SL 490.00 TGT 440.00-420.00.MCX
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