Buy Crude Oil SEP @ 8650 SL 8550 TGT 8800-8900. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL SEP @ 8650 SL 8550 TGT 8800-8900. MCX
Observations
Crudeoil trading range for the day is 8488-8942.
Crude oil gained as tit-for-tat strikes between the U.S. and Iran kept crude oil flows in ME low.
OPEC+ sticks with plan to keep oil output quotas unchanged Barclays maintains its 2026 Brent crude forecast at $96/bbl.
Goldman Sachs: oil could hit $120/bbl if Middle East shipping attacks escalate
NATURAL GAS
SELL NATURALGAS SEP @ 282 SL 286 TGT 278-274. MCX
Observations
Naturalgas trading range for the day is 273.5-287.7.
Natural gas rose as unseasonably warm weather boosted cooling demand.
Above-average temperatures across parts of the Midwest and eastern U.S. kept cooling demand high.
Average gas output rose to 112.9 bcfd so far in September, up from a monthly high of 112.2 bcfd in August.
CFTC: NYMEX/ICE four-market natural gas speculators raised net shorts by 11,098 contracts to 50,697
