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2025-07-09 10:55:41 am | Source: Kedia Advisory
Buy NaturalGas Jul @ 285 SL 280 TGT 290-295. MCX - Kedia Advisory
Buy NaturalGas Jul @ 285 SL 280 TGT 290-295. MCX  - Kedia Advisory

CRUDEOIL

BUY CRUDEOIL JUL @ 5820 SL 5720 TGT 5920-6000. MCX

Observations

Crudeoil trading range for the day is 5721-5997.

Crude oil gains as renewed Houthi attacks on Red Sea shipping raised fears of supply disruptions.

OPEC+ to raise production by 548,000 barrels per day for August

Markets unsettled by uncertainty over Trump tariffs

Brent could fall to $65 in autumn months, says Commerzbank

 

NATURAL GAS

BUY NATURALGAS JUL @ 285 SL 280 TGT 290-295. MCX

Observations

Naturalgas trading range for the day is 278.8-301.8.

Natural gas eased on higher output this month, ample storage levels.

Growing surplus of gas in storage over the five-year normal level for this time of year.

Gas stockpiles were already about 6% above normal levels for this time of year.

Speculators cut their net long futures and options positions for the first time in three weeks to their lowest levels since mid-June.

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