Energy pack is up in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated over geopolitical tensions surrounding Iran. Today’s range - $60.3-$60.9
- WTI is currently trading at $60.8/barrel. Immediate support lies at $54 area and resistance at $60 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $66.4-67.2
- Brent is trading at $6.3 per barrel premium to WTI.
- Brent is trading at $67.1/barrel. Immediate support lies at $59 area and resistance at $65 region.
Natural Gas –
- Natural gas recovered above $3 per MMBtu but bullish outlook clouded as winter end nears. Today’s range $2.98-3.06
- Natural Gas is currently trading at $3.02/MMBtu. Immediate support lies at $2.56, $2.62 area & resistance at and $2.82
WTI |
+1.16% |
Brent |
+0.75% |
Natural Gas |
+2.37% |
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