Buy Crudeoil Jul @ 7150 SL 6900 TGT 7350-7500. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL JUL @ 7150 SL 6900 TGT 7350-7500. MCX
Observations
Crudeoil trading range for the day is 7029-7405.
Crude oil gained after planned talks between the US and Iran in Switzerland was cancelled.
US crude stocks fall to its lowest since March 1985, EIA says
Iraq's southern crude output rises by about 500,000 bpd to 1.5 million bpd
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
Natural Gas
BUY NATURALGAS JUN @ 300 SL 295 TGT 305-308. MCX
Observations
Naturalgas trading range for the day is 296.8-309.4.
Natural gas dropped amid a slight increase in daily output and expectations gas in storage will remain above normal levels.
LNG export feedgas expected to rise in coming weeks as plants exit maintenance
Energy firms added near-normal 73 billion cubic feet of gas to storage last week, the EIA said
Meteorologists forecast the weather will remain mostly warmer than normal through July 3.
