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CRUDEOIL

BUY CRUDEOIL JUL @ 5650 SL 5550 TGT 5750-5850. MCX

Observations

Crudeoil trading range for the day is 5582-5816.

Crude oil prices eased amid worries that Trump’s trade tariffs could curb global growth and fuel demand

OPEC+ plans to continue raising output, stoking concerns of an oversupplied oil market later this year.

OPEC’s latest report sees stronger global growth in H2 2025, led by India, China, Brazil, and US

Russia's oil output down 3.5% in January–May, energy ministry says

NATURALGAS

SELL NATURALGAS JUL @ 306 SL 312 TGT 300-296. MCX

Observations

Naturalgas trading range for the day is 296.1-312.3.

Natural gas eased on forecasts for less hot weather over the next two weeks

Average gas flows to the eight major US LNG export plants reached 15.8 bcfd so far in July.

LNG feedgas was set to hit a three-month high of 16.6 bcfd on Monday’s estimates.

A federal report showed a 53 bcf injection into storage for the week ending July 4, matching the five-year average.