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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