Buy Crudeoil Sep @ 6300 SL 62.2 TGT 6380-6450. MCX - Kedia Advisory
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Energy Outlook.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
CRUDE OIL
Observations
Crudeoil trading range for the day is 6229-6575.
Crude oil dropped on profit booking after prices rose on supply concerns
Crude oil inventories at Cushing have fallen to six-month lows.
U.S. crude inventories were expected to have fallen by about 3 million barrels last week
Goldman Sachs cut its average 2025 Brent forecast and range for prices by $5 per barrel.
BUY CRUDEOIL SEP @ 6300 SL 62.2 TGT 6380-6450. MCX
NATURAL GAS
Observations
Naturalgas trading range for the day is 168.5-182.9.
Natural gas prices fell due to forecasts for less hot weather in the next two weeks.
Despite 12% more gas in storage than usual, weekly builds have been smaller than normal in 13 of the past 14 weeks.
LSEG reported a drop in gas output in Lower 48 U.S. states to an average of 102.4 bcfd in August.
LSEG forecasted a slide in average gas demand in the Lower 48, including exports, from 104.6 bcfd this week to 101.2 bcfd next week.
BUY NATURALGAS SEP @ 170 SL 166 TGT 176-180. MCX
![](https://portfolio.investmentguruindia.com/uploads/news/KaranAdani025.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/hydroelectric025.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/oil02365.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Disney_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/sbi025.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Paytm_159.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Sell Crudeoil Below 6260 SL Above 6320 TGT 6150/6100 - Axis Securities Ltd
![Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 Aug 2024 - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![Evening Roundup : A Daily Report on Bullion Energy & Base Metals for 28 Aug 2024 - Geojit Financial Services Ltd](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
![Buy Copper-Sep @ 816.5 add up to 812, for the Targets of 833 - 845 with SL @ 803 - Choice Broking](https://portfolio.investmentguruindia.com/uploads/news/copper.jpg)