Sell Natural gas Jul @ 265 SL 268 TGT 262-259. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL AUG @ 7950 SL 8050 TGT 7800-7700. MCX
Observations
Crudeoil trading range for the day is 7671-8403.
Crude oil prices tumbled after the U.S. and Iran paused strikes over the weekend.
Trump pauses attacks to allow more time for diplomacy, US ambassador says
Strait of Hormuz traffic stays low despite pause in conflict
Kazakhstan's daily oil output halves after exporting terminal closure, source says
Natural Gas
SELL NATURALGAS JUL @ 265 SL 268 TGT 262-259. MCX
Observations
Naturalgas trading range for the day is 256.6-275.4.
Natural gas slid tracking the decline in global energy prices as Middle East hostilities paused.
Natural gas prices also dropped amid ample supply conditions.
EIA data showing that gas inventories remained 6.4% above the five-year seasonal average as of July 17.
Average gas output in the Lower 48 states rose to 110.4 bcfd so far in July from 110.0 bcfd in June.
