SELL NATURALGAS SEP @ 280 SL 283 TGT 277-274. MCX - Kedia Advisory
Crudeoil
SELL CRUDEOIL SEP @ 8700 SL 8800 TGT 8600-8500. MCX
Observations
Crudeoil trading range for the day is 8290-8968.
Crude oil rallied after new U.S. strikes on Iran and renewed Israeli threats against Tehran heightened concerns about supplies.
Putin says Russia will soon restore damaged oil refining capacity
Six commodity vessels transited the Strait of Hormuz, down from 11 a day earlier and well below the 10-day average of around 13.
Iraq increased its oil exports to around 2.34 million barrels per day in August from about 1.35 million bpd in July.
Natural Gas
SELL NATURALGAS SEP @ 280 SL 283 TGT 277-274. MCX
Observations
Naturalgas trading range for the day is 267.5-290.9.
Natural gas eased on record output, lowered demand forecasts for less demand next week
Gas flows to nine big US LNG export plants rise to 18.0 bcfd in September
Warmth through Sept 18 should keep gas-fired generators running hard for cooling demand
European and Asian benchmarks hovered near 44-month highs around $25 and $24
