Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is struggling to gain as U.S. production rises. Today’s range - $61.5-$61.1
- WTI is currently trading at $61.4/barrel. Immediate support lies at $59 area and resistance at $65 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $65-65.3
- Brent is trading at $3.8 per barrel premium to WTI.
- Brent is trading at $65.2/barrel. Immediate support lies at $62 area and resistance at $71 region.
Natural Gas –
- Natural gas gave up earlier gains and now down for the week. Today’s range $2.7-2.66
- Natural Gas is currently trading at $2.67/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
-1.13% |
Brent |
-0.46% |
Natural Gas |
-1.29% |
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