Energy pack is up in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction. Today’s range - $53.6- $54.2
- WTI is currently trading at $53.8/barrel. Immediate support lies at $45 area and resistance at $55 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $59.1-63.7
- Brent is trading at $9.3 per barrel premium to WTI.
- Brent is trading at $63.1/barrel. Immediate support lies at $57 area and resistance at $63 region.
Natural Gas –
- The natural gas price moving higher after finding support around $4 area. The volatility has increased significantly. Today’s range $4.23 -$4.50
- Natural Gas is currently trading at $4.47/MMBtu. Immediate support lies at $4.1 area & resistance at $5.1
WTI |
+5.64% |
Brent |
+6.11% |
Natural Gas |
-3.25% |