Buy Natural Gas JUN @ 300 SL 296 TGT 305-308. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL JUL @ 6750 SL 6950 TGT 6550-6440. MCX
Observations
Crudeoil trading range for the day is 6390-7098.
Crude prices fell on signs that more oil tankers are set to move out of the Strait of Hormuz.
Prices have also come under pressure from the 60-day sanctions waiver Washington granted Tehran.
More vessels transit Hormuz, underpinning optimism J.P. Morgan lowers Brent crude price forecast for second-half 2026
NATURALGAS
BUY NATURALGAS JUN @ 300 SL 296 TGT 305-308. MCX
Observations
Naturalgas trading range for the day is 294.7-307.5.
Natural gas edged up on a decline in output and a rise in gas flows to LNG export plants in recent weeks.
LNG feedgas rising with record flows to Golden Pass in Texas
Lower 48 gas output slipped to 109.5 bcfd so far in June, LSEG said
LSEG projected Lower 48 gas demand would rise to 105.6 bcfd next week
