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. However, it is rising this week. Today’s range - $62.1-$63.7
- WTI is currently trading at $63.5/barrel. Immediate support lies at $59 area and resistance at $65 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $66.1-67.6
- Brent is trading at $3.9 per barrel premium to WTI.
- Brent is trading at $67.4/barrel. Immediate support lies at $62 area and resistance at $71 region.
Natural Gas –
- Natural gas is down for the week. Today’s range $2.64-2.69
- Natural Gas is currently trading at $2.68/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
+2.09% |
Brent |
+2.03% |
Natural Gas |
-0.45% |
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