Sell Crudeoil Jun @ 6220 SL 6320 TGT 6120-6020. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL JUN @ 6220 SL 6320 TGT 6120-6020. MCX
Observations
Crudeoil trading range for the day is 5746-6582.
Crude oil dips as easing Israel-Iran tensions prompt pullback in risk-off trades.
OPEC sees solid second – half of 2025 for world economy, trims 2026 supply
Kazakhstan's oil output edges down in May, but above quota, OPEC says
Citibank expect Brent crude to trade around current levels of $70-80 a barrel in the very near term.
Naturalgas
SELL NATURALGAS JUN @ 325 SL 330 TGT 316-310. MCX
Observations
Naturalgas trading range for the day is 306-328.4.
Natural gas rose on hotter weather forecast, boosting cooling demand.
Gas-fired power generation expected to increase as temperatures climb.
US gas output eases to 105 bcfd amid spring maintenance.
Inventories may face pressure from rising cooling and power needs.
