Sell Natural Gas SEP @ 277 SL 281 TGT 273-270. MCX - Kedia Advisory
CRUDE OIL
BUY CRUDEOIL SEP @ 8700 SL 8600 TGT 8850-8980. MCX
Observations
Crudeoil trading range for the day is 8540-9056.
Crude oil dropped on profit booking after prices rose as Iran-backed Houthis attacked Saudi energy facilities
Goldman raises December 2026 Brent view to $85, WTI outlook to $80
Hormuz traffic slows after Iran threatens retaliation for US attacks
CFTC: For the week to Sept. 1, crude oil speculators increased WTI net longs by 15,816 contracts to 118,894
NATURAL GAS
SELL NATURALGAS SEP @ 277 SL 281 TGT 273-270. MCX
Observations
Naturalgas trading range for the day is 264.3-290.9.
Natural gas eased on record output and ample amounts of gas in storage.
Storage surplus likely narrowed to 4.3% above normal November premium over October drops to record low around 11 cents per mmBtu
Germany says gas storage levels sufficient for expected winter demand
