Buy Crude Oil SEP @ 8550 SL 8450 TGT 8650-8750. MCX - Kedia Advisory
CRUDE OIL
BUY CRUDEOIL SEP @ 8550 SL 8450 TGT 8650-8750. MCX
Observations
Crudeoil trading range for the day is 8312-8780.
Crude oil gained amid fears of re-escalation in the Iran/US conflict in the ME.
OPEC+ is likely to keep its oil output policy unchanged for October
US energy secretary says Venezuelan oil output will reach 1.5 mbpd by next year.
Crude inventories fell by 2.6 mln bbls, while distillate stocks declined by 265,000 bbls - API
NATURAL GAS
BUY NATURALGAS SEP @ 278 SL 274 TGT 283-286. MCX
Observations
Crudeoil trading range for the day is 8312-8780.
Crude oil gained amid fears of re-escalation in the Iran/US conflict in the ME.
OPEC+ is likely to keep its oil output policy unchanged for October
US energy secretary says Venezuelan oil output will reach 1.5 mbpd by next year.
Crude inventories fell by 2.6 mln bbls, while distillate stocks declined by 265,000 bbls - API
