Buy Crudoil Jul @ 6370 SL 6300 TGT 6470-6570. MCX - Kedia Advisory
CRUDE OIL
BUY CRUDEOIL JUL @ 6370 SL 6300 TGT 6470-6570. MCX
Observations
Crudeoil trading range for the day is 6199-6567.
Crude oil dips as Trump delays decision on U.S. involvement in Israel-Iran conflict
Russia’s Novak says oil market is balanced; no risk to Russian exports from crisis.
IEA sees oil demand peaking at 105.6M bpd in 2029; production capacity to rise.
OPEC maintains demand forecast for 2025–26, trims non-OPEC+ 2026 supply growth by 70,000 bpd.
NATURAL GAS
BUY NATURALGAS JUN @ 330 SL 322 TGT 338-345. MCX
Observations
Naturalgas trading range for the day is 313.7-368.9.
Natural gas dips on profit booking after rally driven by hot weather forecasts.
Israel-Iran conflict raises LNG supply concerns via the crucial Strait of Hormuz.
U.S. gas output averages 105.3 bcfd in June, slightly below March’s record levels.
EIA reports 95 bcf storage build, smaller than expected—signals tightening supply.
