Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated over geopolitical tensions surrounding Iran and Venezuela and as inventories slide. Today’s range - $64.4-$63.8
- WTI is currently trading at $63.9/barrel. Immediate support lies at $62 area and resistance at $66 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $69.1-69.6
- Brent is trading at $5.4 per barrel premium to WTI.
- Brent is trading at $69.3/barrel. Immediate support lies at $67 area and resistance at $72 region.
Natural Gas –
- Natural gas recovered earlier loss and now up for the week. Today’s range $3.09-3.20
- Natural Gas is currently trading at $3.23/MMBtu. Immediate support lies at $2.89 area & resistance at and $3.21 and at $3.12
WTI |
-0.78% |
Brent |
-0.72% |
Natural Gas |
+1.25% |
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