Buy CRUDEOIL JUN @ 8600 SL 8400 TGT 8800-9000. MCX - Kedia Advisory
CRUDE OIL
BUY CRUDEOIL JUN @ 8600 SL 8400 TGT 8800-9000. MCX
Observations
Crudeoil trading range for the day is 8333-9093.
Crude oil prices fell after Oman said operations at its Mina al Fahal port were proceeding normally, following a report of disruption.
US crude exports hit record highs as global supply disrupted by Iran war Iranian oil exports fall to lowest level in six years, data shows
OPEC secretary general says oil demand to remain robust, no change to estimates
NATURAL GAS
SELL NATURALGAS JUN @ 309 SL 313 TGT 304-300. MCX
Observations
Naturalgas trading range for the day is 297.3-328.5.
Natural gas prices dropped on profit booking and a small increase in output.
The U.S. Energy Information Administration said energy firms added 95 billion cubic feet (bcf) of gas to storage.
LSEG reports Lower 48 gas output down in June, inventories remain 5% above normal
Pacific Northwest power prices hit six-year low due to abundant hydropower, low demand
