Energy pack is mixed in today's trading. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI rose sharply today as risk appetite returned in the market. Drop in US rig count also providing some support. Today's range $29.6-33.1
- WTI is currently trading at $33/barrel. Immediate support lies at $24, 27 area and resistance at $34, $39 area.
Oil (Brent) -
- Brent is up in line with WTI today. Today's range - $33-34.4
- Brent is at $1.4 /barrel premium to WTI.
- Brent is trading at $34.4/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.
Natural Gas -
- Natural gas deteriorated further amid heavy selling pressure, with summer approaching. Today's range $1.77 -1.82
- Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
- Natural Gas is currently trading at $1.77/mmbtu. Immediate support lies at $1.7 area & resistance at $2 and $2.3
WTI |
+3.94% |
Brent |
+4.02% |
Natural Gas |
-1.39% |