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.
