Sell NaturalGas JUL @ 306 SL 312 TGT 300-296. MCX - Kedia Advisory
CRUDEOIL
BUY CRUDEOIL JUL @ 5650 SL 5550 TGT 5750-5850. MCX
Observations
Crudeoil trading range for the day is 5636-5808.
Crude oil dips as traders doubt Trump’s Russia move will curb oil exports.
Kazakhstan hikes oil output by 11.6% in first half, no plans to quit OPEC+
OPEC said the global economy may perform better than expected in the second half of the year.
OPEC left its forecasts for global oil demand growth unchanged in 2025 and 2026 after reductions in April.
NATURALGAS
SELL NATURALGAS JUL @ 306 SL 312 TGT 300-296. MCX
Observations
Naturalgas trading range for the day is 287.8-312.2.
Natural gas prices eased as weather forecasts showed less intense heat for coming two weeks.
U.S. National Hurricane Center sees 40% chance of tropical cyclone developing in Gulf region.
Meteorologists expect weather to stay hotter than normal through July 30 but cooler than earlier.
LSEG reports average Lower 48 gas output rose to 106.9 bcfd so far in July.
