Sell Nat Gas Jun 2022 @ 555.00 SL 575.00 TGT 525.00-510.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7809-9395.
Crude oil prices fell as interest rate hikes from major central banks fuelled worries about a sharp economic slowdown.
China's crude oil stockpiling surges amid weak refinery output
Russia could continue OPEC+ cooperation beyond 2022 -deputy PM.
Russia's Novak says oil market showing signs of turbulence
SELL CRUDEOIL JUL 2022 @ 8450 SL 8600 TGT 8300-8200.MCX
NATURAL GAS
Natural gas trading range for the day is 502.8-612.8.
Natural gas slid on forecasts for lower demand and expectations the shutdown of Freeport LNG export plant would allow utilities to quickly rebuild.
That price decline came despite record power demand in Texas, forecasts for much higher U.S. gas demand in two weeks as the weather turns hotter
Average gas output in the U.S. Lower 48 states slid to 94.8 bcfd so far in June from 95.2 bcfd in May
The Freeport restart could take 90 days rather than the initial three-week estimate
SELL NAT GAS JUN 2022 @ 555.00 SL 575.00 TGT 525.00-510.00.MCX
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