Sell Nat Gas Sep 2022 @ 675.00 SL 695.00 TGT 645.00-635.00.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6641-7217.
Crude oil eases after bearish U.S. economic data
Demand growth seen at 3.1 mln bpd in 2022, 2.7 mln bpd in 2023
Crude in U.S. emergency reserve falls to lowest since Oct 1984
OPEC August output up 618,000 bpd on Libya rebound
SELL CRUDEOIL SEP 2022 @ 7050 SL 7200 TGT 6850-6700.MCX
NATURAL GAS
Natural gas trading range for the day is 637.9-678.5.
Natural gas prices dropped on forecasts for warmer weather
The U.S. EIA said utilities added 54 billion cubic feet (bcf) of gas to storage during the week.
U.S. natgas output and demand to hit record highs in 2022 – EIA
EIA projected dry gas production will rise to 97.09 bcfd in 2022 and 100.36 bcfd in 2023
SELL NAT GAS SEP 2022 @ 675.00 SL 695.00 TGT 645.00-635.00.MCX
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