Sell Natural Gas SEP @ 280 SL 283 TGT 276-273. MCX - Kedia Advisory
CRUDEOIL
SELL CRUDEOIL SEP @ 9800 SL 9950 TGT 9650-9550. MCX
Observations
Crudeoil trading range for the day is 9353-10041.
Crude oil fell reflecting easing concerns over supply disruptions after Saudi Arabia indicated it could restore half of damaged capacity
Saudi aims to restore half of key cross-country oil pipeline capacity within days
Libya's NOC said oil production has returned to normal after a brief decline caused by shutdowns at three oilfields
Crude inventories fell by 640,000 barrels to 423.4 million barrels in the week ended September 11, the EIA said
NATURALGAS
SELL NATURALGAS SEP @ 280 SL 283 TGT 276-273. MCX
Observations
Naturalgas trading range for the day is 271.5-287.1.
Natural gas edged up on a smaller-than-expected storage build and forecasts for more demand over the next two weeks.
EIA says utilities add 44 bcf of gas to storage in week ended September 11
Daily LNG feedgas falls toward 17.5 bcfd, lowest in three weeks on Cameron maintenance
Berkshire Hathaway Energy plans maintenance at Cove Point over the next week
