Buy Naturalgas AUG @ 270 SL 265 TGT 275-280. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL AUG @ 6020 SL 6120 TGT 5920-5820. MCX
Observations
Crudeoil trading range for the day is 5682-6170.
Crude oil prices edged up amid concerns about tighter global oil supplies
OPEC+ panel unlikely to change existing output hike plans in upcoming meeting.
U.S. crude inventories fell by 3.169 million barrels, exceeding expectations.
EIA cuts 2025 U.S. oil output forecast to 13.37 million bpd from 13.42.
NATURALGAS
BUY NATURALGAS AUG @ 270 SL 265 TGT 275-280. MCX
Observations
Naturalgas trading range for the day is 265.8-281.8.
Natural gas prices rose on hotter August forecasts driving cooling demand.
U.S. Lower 48 gas output averaged 107.2 bcfd in July, a new high.
Gas inventories remain 6% above seasonal norms, signaling ongoing oversupply.
LNG exports rose to 15.8 bcfd as U.S. terminals resumed post-maintenance operations.
