Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil remains elevated but down this week as Syria strike was more limited than anticipated. Today’s range - $66.1-$66.8
- WTI is currently trading at $66.2/barrel. Immediate support lies at $63 area and resistance at $69area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $71.9-71.2
- Brent is trading at $5.2 per barrel premium to WTI.
- Brent is trading at $71.4/barrel. Immediate support lies at $66 area and resistance at $74 region.
Natural Gas –
- Natural gas is continuing its struggle as winter end arrives. Today’s range $2.70-2.75
- Natural Gas is currently trading at $2.73/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
-1.78% |
Brent |
-1.52% |
Natural Gas |
-0.15% |
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