Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Despite the sharp decline over the past weeks, the oil price remains upbeat on Middle East tensions and approaching OPEC meeting. Today’s range - $57-$58
- Active call – Target reached $56 per barrel.
- WTI is currently trading at $57.8/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 but much worse since last week. Today’s range - $62.6-63.4
- Brent is trading at $5.3 per barrel premium to WTI.
- Brent is trading at $63.1/barrel. Immediate support lies at $59 area and resistance at $65 region.
Natural Gas –
- Natural gas is continuing range trade despite several breakout attempts. Today’s range $2.99-3.03
- Natural Gas is currently trading at $2.99/MMBtu. Immediate support lies at $2.96 area & resistance at and $3.12
WTI |
+2.10% |
Brent |
+0.65% |
Natural Gas |
-4.35% |
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