Energy pack is mixed 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 - $60.3-$60.8
- WTI is currently trading at $60.6/barrel. Immediate support lies at $59 area and resistance at $64 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $64.2-64.6
- Brent is trading at $3.6 per barrel premium to WTI.
- Brent is trading at $64.5/barrel. Immediate support lies at $62 area and resistance at $67 region.
Natural Gas –
- Natural gas declining sharply after major spike as winter end nears and as contract shifted. Expect elevated volatility. Today’s range $2.71-2.61
- Natural Gas is currently trading at $2.63/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
-5.76% |
Brent |
-4.91% |
Natural Gas |
-4.65% |
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