Sell Nat Gas Sep 2022 @ 745.00 Sl 765.00 Tgt 715.00-710.00.Mcx - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 6960-7418.
Crude oil prices continued to slide on bearish oil demand signals from OPEC+ and increased restrictions to curb COVID-19 in China
Data showed crude stocks rose by about 593,000 barrels, against estimates of a drop of around 1.5 million barrels - API
OPEC+ JTC raises 2022 oil market surplus forecast
Russia oil output exceeds expectation, but pressure looms, IEA chief says
SELL CRUDEOIL SEP 2022 @ 7300 SL 7450 TGT 7100-7000.MCX
NATURAL GAS
Natural gas trading range for the day is 688.6-760.8.
Natural gas gained supported by above-normal temperatures, which boosted cooling demand and overall higher European gas prices
Gas supplies via Nord Stream from Russia to Europe have been temporarily suspended
Norway's natural gas production could set new record this year
Germany will have less than 3 months of gas if Russia halts supply
SELL NAT GAS SEP 2022 @ 745.00 SL 765.00 TGT 715.00-710.00.MCX
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