Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated as President Trump moves the U.S. out of the Iran deal. However, struggling as the dollar gains. Today’s range - $72.4-$72.8
- WTI is currently trading at $72.5/barrel. Immediate support lies at $68 area and resistance at $74 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $79.9-79.3
- Brent is trading at $7.1 per barrel premium to WTI.
- Brent is trading at $79.6/barrel. Immediate support lies at $75 area and resistance at $82 region.
Natural Gas –
- Natural gas is continuing its recovery after finding support around $2.5 area. Today’s range $2.81-2.85
- Natural Gas is currently trading at $2.84/MMBtu. Immediate support lies at $2.62 area & resistance at $2.85, and $2.90
WTI |
+1.68% |
Brent |
+1.27% |
Natural Gas |
+0.32% |
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