Buy Naturalgas Aug @ 262 SL 257 TGT 268-272. MCX - Kedia Advisory
Crudeoil
BUY CRUDEOIL AUG @ 5700 SL 5600 TGT 5800-5900. MCX
Observations
Crudeoil trading range for the day is 5649-5887.
Crude oil fell after OPEC+’s decision to raise output and growing geopolitical uncertainty.
OPEC+ confirmed a widely expected production increase of 547,000 barrels per day starting in September
Traders are also watching for possible US action against Russian oil flows.
President Trump has threatened secondary sanctions on countries buying Russian crude.
Naturalgas
BUY NATURALGAS AUG @ 262 SL 257 TGT 268-272. MCX
Observations
Naturalgas trading range for the day is 254.1-273.3.
Natural gas climbed lifted by a drop in daily output, rising gas flows to LNG export plants.
Daily output drops to three-week low, impacting supply
LNG export feedgas increases after plant outages end
Gas stockpiles 7% above normal, expected to grow further
