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Commodities snapshot (energy)

Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,

Oil (WTI) –

  • Oil price undergoing a correction as increased supplies from the U.S. threatens price. Today’s range - $61.7-$60.9
  • WTI is currently trading at $61.5/barrel. Immediate support lies at $57 area and resistance at $62 area.

Oil (Brent) –

  • Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $64.4-65.3
  • Brent is trading at $3.6 per barrel premium to WTI.
  • Brent is trading at $65.1/barrel. Immediate support lies at $62 area and resistance at $67 region.

Natural Gas –   

  • Natural gas is the best performer of the week. Today’s range $2.56-2.65    
  • Natural Gas is currently trading at $2.64/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90

WTI

        +0.32%

Brent

        +0.15%

Natural Gas

         +2.66%


           

 

 

 

 

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