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Commodities snapshot (energy)

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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