Buy Natural Gas JUN @ 302 SL 298 TGT 306-310. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL JUN @ 8600 SL 8400 TGT 8800-9000. MCX
Observations
Crudeoil trading range for the day is 8187-9025.
Crude oil prices rose after U.S. President Trump scolded Iran following tit-for-tat strikes between the U.S. and Iran overnight.
Trump says Iran too slow to negotiate a deal, must "pay the price" Tehran threatens to resume hostilities if Israel attacks Hezbollah
US crude inventories fall for eighth week, raising supply concerns
NATURALGAS
BUY NATURALGAS JUN @ 302 SL 298 TGT 306-310. MCX
Observations
Naturalgas trading range for the day is 285.6-320.4.
Natural gas gained as hotter weather and output decline expected to boost mid-June gas demand U.S. natural gas supply and demand will both rise to record highs in 2026 – EIA
EIA projected domestic gas consumption will rise from a record 91.9 bcfd in 2025 to 92.1 bcfd in 2026 and 95.0 bcfd in 2027.
Pacific Northwest power prices drop due to abundant hydropower and low demand
