BUY NATURAL GAS JUN @ 326 SL 322 TGT 332-336. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL JUN @ 6450 SL 6550 TGT 6350-6250. MCX
Observations
Crudeoil trading range for the day is 6012-6652.
Crude oil rises as geopolitical tensions between Israel and Iran escalated.
Russia's Novak says oil prices 'not appropriate' for most producers
World oil demand to keep growing this decade despite 2027 China peak, IEA says
OPEC+ ready to adjust output policy amid shifting global demand.
NATURAL GAS
BUY NATURAL GAS JUN @ 326 SL 322 TGT 332-336. MCX
Observations
Naturalgas trading range for the day is 315.8-341.6.
Natural gas climbed as hotter-than-normal July weather and rebounding LNG exports drive up demand.
LNG exports rebound as key U.S. terminals resume post-maintenance operations.
June LNG feedgas demand averages 14.1 bcfd, below April highs.
Persistent U.S. heatwave expected to lift air conditioning-driven gas use.
