Buy Natural Gas JUL @ 305 SL 301 TGT 310-314. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL JUL @ 6500 SL 6350 TGT 6650-6750. MCX
Observations
Crudeoil trading range for the day is 6428-6684.
Crude oil fell after OPEC+ agreed to further increase its output while exports from Strait of Hormuz are recovering.
OPEC+ agrees to raise oil output by 188,000 bpd from August OPEC oil output in June rose from its lowest in more than two decades, as Gulf members began reviving supplies.
ANZ expects global oil demand to contract by 1.5 mbpd in 2026
NATURALGAS
BUY NATURALGAS JUL @ 305 SL 301 TGT 310-314. MCX
Observations
Naturalgas trading range for the day is 297.9-316.5.
Natural gas dropped driven by robust domestic supplies, falling oil prices, and shifting weather patterns.
Gas inventories likely held about 6.4% above normal in the week ended July 3
Despite cooler revisions, temperatures should stay above normal through July 21 Energy firms injected a larger-than-expected 87 billion cubic feet of gas into storage
