Buy Crude Oil Jul @ 6700 SL 6600 TGT 6850-6950 MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUL @ 6700 SL 6600 TGT 6850-6950. MCX
Observations
Crudeoil trading range for the day is 6497-6827.
Crude oil gains as ship was hit in Hormuz and Iran said there would be no more peace talks.
Talks to reach a final deal between Tehran and Washington won't start if U.S. threats continue, Iran's foreign minister said.
Saudi-flagged crude oil tanker damaged near Hormuz after LNG tanker hit, sources say
Societe Generale expects the oil market to move into surplus in late 2026
Natural Gas
BUY NATURALGAS JUL @ 305 SL 301 TGT 310-314. MCX
Observations
Naturalgas trading range for the day is 297.5-322.5.
Natural gas rose supported by falling output and rising flows to LNG export plants.
Gas inventories likely held about 6.4% above normal in the week ended July 3
Despite cooler revisions, temperatures should stay above normal through July 21
Energy firms injected a larger-than-expected 87 billion cubic feet of gas into storage
