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 - EconoTimes)
Energy pack is up today over escalating violence in Middle East. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is giving up lot of its yesterday's gains as risk aversion over Middle East proved to be short lived. Today's range $40.7-42
- WTI is currently trading at $41.2/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.
Oil (Brent) -
- Brent s down and much worse performer than WTI. Today's range - $45.1-43.5
- Brent-WTI spread dropped to $2.8/barrel from $3.4/barrel on Friday.
- Brent is trading at $44/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.
Natural Gas -
- Natural gas gave up more of its yesterday's gains as price started falling in New York session. Today's range $2.27-2.35
- Buy Natural gas @2.4, targeting $3.15/mmbtu and stop loss at $2.1/mmbtu.
- Natural Gas is currently trading at $2.34/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+1.15% |
|
Brent |
-0.97% |
|
Natural Gas |
-1.43% |
