Sell Crude Oil JUN @ 9100 SL 9300 TGT 8900-8700. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL JUN @ 9100 SL 9300 TGT 8900-8700. MCX
Observations
Crudeoil trading range for the day is 8611-9291.
Crude oil rose after the U.S. military carried out strikes in Iran, adding to uncertainty.
US Secretary of State says negotiating deal could 'take a few days'
CFTC-Oil speculators raise WTI net long position by 15,017 contracts to 110,348 in week to May 19
Some tankers have passed through Strait in recent days, shipping data shows
NATURALGAS
SELL NATURALGAS JUN @ 294 SL 298 TGT 290-286. MCX
Observations
Naturalgas trading range for the day is 287.6-300.6.
Natural gas edged up as stronger demand forecasts and lower output supported prices.
Goldman Sachs sees China's natgas destocking boosting LNG imports ahead of winter
CFTC- Natural gas speculators in four major NYMEX, ICE markets trim net short position by 20,228 contracts to 2,026 in week to May 19
Temperatures are forecast to stay largely near seasonal norms through early June.
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