Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (energy)

Energy pack is mixed today. Weekly performance at a glance in chart & table.

Oil (WTI) -

  • WTI started the week on positive note. Today's range $28.9-30.2

  • WTI is currently trading at $30/barrel. Immediate support lies at $24, area and resistance at $30, $32, $39 area.

Oil (Brent) -

  • Brent is relatively better performer than WTI today. Today's range - $32.8-34

  • Brent is at $3.7 /barrel premium to WTI.

  • Brent is trading at $33.7/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

  • Natural gas is biggest loser of the day. Today's range $1.92 -1.97
  • Active call - Buy Natural gas @2.2 and at dips with target around $3.72 and stop loss at 1.68
  • Natural Gas is currently trading at $2.05/mmbtu. Immediate support lies at $2 area & resistance at $2.2, 2.32

WTI

        +1.66%

Brent

+2.90%

Natural Gas

 

-2.04%

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.