Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (energy)

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

Oil (WTI) -

  • WTI bulls are consolidating around $34 key resistance area. Further rise is likely. Today's range $33.5-34.3

  • WTI is currently trading at $34.1/barrel. Immediate support lies at $24, 27 area and resistance at $34, $39 area.

Oil (Brent) -

  • Brent is better performer than WTI today. Today's range - $37-36.3

  • Brent is at $2.7 /barrel premium to WTI.

  • Brent is trading at $36.8/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

  • Natural gas is marginally down, as selling pressure remains persist. Today's range $1.68 -1.75
  • Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
  • Natural Gas is currently trading at $1.69/mmbtu. Immediate support lies at $1.65 area & resistance at $2 and $2.3

WTI

        +3.50%

Brent

+4.41%

Natural Gas

 

-5.06%

  • Market Data
Close

Welcome to EconoTimes

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