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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) -

  • WTI struggling to break above key resistance around $34/barrel area. Bulls are however, yet to give up trying. Today's range $32.3-33.3

  • WTI is currently trading at $33.1/barrel. Immediate support lies at $24, 27 area and resistance at $34, $39 area.

Oil (Brent) -

  • Brent is much better performer than WTI today. Today's range - $35.1-36.1

  • Brent is at $2.8 /barrel premium to WTI.

  • Brent is trading at $35.9/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

  • Natural gas is down close to 5%, over intense selling pressure. Today's range $1.68 -1.8
  • Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
  • Natural Gas is currently trading at $1.7/mmbtu. Immediate support lies at $1.7 area & resistance at $2 and $2.3

WTI

        +0.76%

Brent

+2.13%

Natural Gas

 

-4.21%

  • Market Data
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