Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is heading higher on Middle East tensions and on speculation that the U.S. might pull out of Iran deal. Today’s range - $64.1-$65.4
- WTI is currently trading at $65.3/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 - $70.3-68.8
- Brent is trading at $4.9 per barrel premium to WTI.
- Brent is trading at $70.2/barrel. Immediate support lies at $62 area and resistance at $71 region.
Natural Gas –
- Natural gas is down for the week. Today’s range $2.63-2.57
- Natural Gas is currently trading at $2.59/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
+4.98% |
Brent |
+6.27% |
Natural Gas |
-4.04% |
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