Buy Natural Gas SEP @ 260 SL 255 TGT 265-270. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL SEP @ 5500 SL 5420 TGT 550-5680. MCX
Observations
Crudeoil trading range for the day is 5349-5735.
Crude oil dropped amid concerns about U.S. demand
The IEA projected stronger global supply this year as OPEC+ boosts output OPEC maintained solid demand forecasts for 2025–26.
Russia’s oil revenues hit near-record lows in August, and loadings at Kozmino port are set to decline.
NATURALGAS
BUY NATURALGAS SEP @ 260 SL 255 TGT 265-270. MCX
Observations
Naturalgas trading range for the day is 251.9-269.9.
Natural gas rises on forecasts of warmer-than-normal weather boosting AC demand.
Data showed a larger-than-expected 71 bcf storage build, compared with a five-year average of 56 bcf.
Average output in Lower 48 states fell to 107.4 bcfd in September Gas storage about 6% above normal for this time of year.
