Sell Crudeoil Jun@ 8050 SL 8200 TGT 7800-7660. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL JUN @ 8050 SL 8200 TGT 7800-7660. MCX
Observations
Crudeoil trading range for the day is 7699-8495.
Crude oil extends losses as Trump calls off planned strikes on Iran
US and Iran reached a peace agreement aimed at ending the Middle East conflict and reopening the Strait of Hormuz by the end of the week
OPEC lowers 2026 oil demand growth forecast to 970,000 bpd, raises 2027 demand growth
Goldman Sachs lowers 2027 average Brent forecast to $80/bbl
Natural Gas
BUY NATURALGAS JUN @ 290 SL 285 TGT 295-300. MCX
Observations
Naturalgas trading range for the day is 284.4-304.8.
Natural gas gained amid expectations of stronger weather demand despite a larger-than-expected increase in gas storage levels.
EIA reports storage build of 108 bcf, exceeding analyst expectations
LSEG notes slight output rise, with June production above Wednesday's level
LNG export flows dip due to plant maintenance, impacting feedgas demand
