Buy Crudeoil Jun @ 7300 SL 7500 TGT 7050-6900. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL JUN @ 7300 SL 7500 TGT 7050-6900. MCX
Observations
Crudeoil trading range for the day is 6775-7747.
Crude oil prices rose after Trump threatens to resume bombing if Iran does not 'behave'
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
U.S. crude stocks fell 8.3 million barrels in the week ended June 12 – API
OPEC again lowers 2026 global oil demand growth forecast
Natural Gas
BUY NATURALGAS JUN @ 294 SL 290 TGT 300-304. MCX
Observations
Naturalgas trading range for the day is 284.8-318.
Natural gas fell on a bigger-than-expected weekly storage build and a slight increase in daily output.
Average gas output in the U.S. Lower 48 states has fallen to 109.3 bcfd so far in June, down from 109.7 bcfd in May
Meteorologists forecast the weather will remain mostly warmer than normal through July 1
Average gas demand in the Lower 48 states, including exports, would fall from 104.6 bcfd this week to 103.2 bcfd next week.
