Buy Crudeoil Jul @ 7000 SL 6900 TGT 7150-7300 MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUL @ 7000 SL 6900 TGT 7150-7300. MCX
Observations
Crudeoil trading range for the day is 6516-7574.
Crude oil jumped after U.S. President Trump warned Iran that the United States will likely engage in additional strikes
Trump said that the memorandum of understanding signed with Iran to end the conflict was "over"
China has lifted refined fuel export restrictions for the rest of July and allowed a private refiner to resume shipments
HSBC cuts Brent crude oil forecast to $80/bbl for 2026
Natural Gas
BUY NATURALGAS JUL @ 305 SL 301 TGT 310-314. MCX
Observations
Naturalgas trading range for the day is 298.4-325.4.
Natural gas slid on expectations the amount of gas in storage will remain higher than normal.
US dry gas production remains below December 2025's monthly record of 110.6 bcfd
Storage likely stayed about 6.4% above normal in the latest reported week
Warmer-than-normal weather expected to boost air-conditioning use through July 23
