Crudeoil trading range for the day is 7643-8449 -Kedia Advisory
Crudeoil
SELL CRUDEOIL AUG @ 8150 SL 8250 TGT 8050-7950. MCX
Observations
Crudeoil trading range for the day is 7643-8449.
Crude oil jumped as major airstrikes resumed in the Middle East and dashed hopes for an imminent end to war.
Trump vows response to surprise Iran attack on US troops in the Middle East
Strait of Hormuz tanker traffic remains low, shipping data shows
Yemen's Houthis considering fees for ships sailing through Red Sea, sources say
Natural Gas
BUY NATURALGAS AUG @ 258 SL 254 TGT 262-265. MCX
Observations
Naturalgas trading range for the day is 254.3-268.3.
Natural gas gained on short covering after prices dropped on record output, and ample amounts of gas in storage.
Global gas demand to fall 0.5% this year as tighter supply raises prices, IEA says
Sempra says Costa Azul export plant in Mexico expected to return in fourth quarter of 2026
September gas traded at a record premium to expiring August for a fifth day
