Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil remains elevated as Saudi Arabia signaled $100 target. Today’s range - $67.5-$68.7
- WTI is currently trading at $67.8/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 - $72.8-74.2
- Brent is trading at $5.4 per barrel premium to WTI.
- Brent is trading at $73.2/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 $2.65-2.72
- Natural Gas is currently trading at $2.71/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
+0.59% |
Brent |
+0.97% |
Natural Gas |
-0.77% |
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