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CRUDEOIL

SELL CRUDEOIL AUG @ 5820 SL 5900 TGT 5720-5640. MCX

Observations

Crudeoil trading range for the day is 5590-5914.

Crude oil gained as optimism grew from a US-EU trade deal and fresh comments from President Trump on Ukraine

Trump shortens Russia ceasefire deadline to 10–12 days, boosting geopolitical risk.

On the supply side, an OPEC+ panel is unlikely to alter existing plans to raise oil output when it meets on Monday.

US may allow Chevron in Venezuela, boosting crude exports by 200K bpd.

NATURALGAS

BUY NATURALGAS AUG @ 265 SL 260 TGT 270-275. MCX

Observations

Naturalgas trading range for the day is 259.8-281.4.

Natural gas prices fell on weaker-than-expected heat and strong July production.

U.S. Lower 48 gas output averaged 107.2 bcfd in July, topping June’s record.

Gas inventories remain 6% above seasonal average, indicating an oversupplied market.

Oversupply concerns pressured prices throughout the month despite export strength.