Sell Crudeoil Jul @ 5680 SL 5780 TGT 5580-548. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL JUL @ 5680 SL 5780 TGT 5580-548. MCX
Observations
Crudeoil trading range for the day is 5512-5762.
Crude oil rose as support came from data that showed U.S.
demand was relatively strong. Crude oil inventories in the US fell by 5.836 million barrels in the week ended June 20, 2025.
Gasoline stocks decreased by 2.075 million barrels and stocks of distillate fuels fell by 4.066 million barrels.
IEA had previously reassured markets that it holds 1.2 billion barrels in emergency stockpiles.
NATURAL GAS
SELL NATURALGAS JUL @ 315 SL 320 TGT 310-305. MCX
Observations
Naturalgas trading range for the day is 305.2-322.
Natural gas fell pressured by rising output and strong storage injections.
Lower 48 production averages 105.5 bcfd in June, slightly above May but below March peak.
Hot weather fails to curb above-average gas injections; stocks remain 6% above 5-year norm.
Growing storage surplus continues to pressure prices since mid-April.
