Sell Nat Gas Jul 2022 @ 575.00 SL 595.00 TGT 540.00-510.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7417-8097.
Crude oil rises after a U.S. official told an immediate Saudi oil output boost is not expected
Prices also got further support from indications that the U.S. central bank could raise interest rates less aggressively than anticipated.
U.S. crude output and petroleum demand to rise in 2022 – EIA
U.S. crude oil production slid in April by about 0.5% to its lowest since February
SELL CRUDEOIL JUL 2022 @ 7900 SL 8100 TGT 7700-7550.MCX
NATURAL GAS
Natural gas trading range for the day is 494.7-588.5.
Natural gas gained amid a drop in output and forecasts for hotter weather and more demand over the next two weeks than previously expected.
U.S. natural gas production and demand will both rise to record highs in 2022 as the economy grows
EIA projected that dry gas production will rise to 96.23 billion cubic feet per day (bcfd) in 2022 and 99.98 bcfd in 2023
The U.S. Energy Information Administration (EIA) said utilities added 58 billion cubic feet (bcf) of gas to storage during the week
SELL NAT GAS JUL 2022 @ 575.00 SL 595.00 TGT 540.00-510.00.MCX
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