Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is edging higher on Middle East tensions. Today’s range - $56.9-$57.3
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $57.2/barrel. Immediate support lies at $54 area and resistance at $60 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $63.7-64.3
- Brent is trading at $6.9 per barrel premium to WTI.
- Brent is trading at $64.1/barrel. Immediate support lies at $59 area and resistance at $65 region.
Natural Gas –
- Natural gas breaks key resistance around $3.15 area and heads higher towards $3.5 area. Today’s range $3.14-3.21
- Buy Natural gas targeting $3.43 area
- Natural Gas is currently trading at $3.2/MMBtu. Immediate support lies at $3.15 area & resistance at and $3.32
WTI |
+2.79% |
Brent |
+3.24% |
Natural Gas |
+6.52% |
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