Buy Naturalgas Jun @ 350 SL 345 TGT 355-360. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL JUL @ 6380 SL 6300 TGT 6480-6550. MCX
Observations
Crudeoil trading range for the day is 6226-6696.
Crude oil rallies as Israel-Iran conflict escalates, stoking fears of supply disruptions.
Strait of Hormuz at risk, heightening concerns over tanker route disruptions.
Russia’s Novak: Oil market balanced; no current supply shortage despite conflict.
Novak: $100 oil depends on market response to growing risks and uncertainty.
NATURAL GAS
BUY NATURALGAS JUN @ 350 SL 345 TGT 355-360. MCX
Observations
Naturalgas trading range for the day is 337.9-363.5.
Natural gas rises on forecasts for hotter-than-normal July weather across the U.S.
Heatwave expected to lift gas demand for air conditioning in the Lower 48 states.
LNG exports rebound as maintenance ends at key terminals like Cameron and Sabine Pass.
Lower 48 gas output slightly up to 105.3 bcfd; hits 8-week high at 106.4 bcfd.
