Energy pack is down in today's trading. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI bulls are consolidating around $34-35 key resistance area. Further rise is likely. Today's range $34.9-34.3
- WTI is currently trading at $34.4/barrel. Immediate support lies at $24, 27 area and resistance at $34, $39 area.
Oil (Brent) -
- Brent is worse performer than WTI today. Today's range - $37.2-36.5
- Brent is at $2.2 /barrel premium to WTI.
- Brent is trading at $36.6/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.
Natural Gas -
- Natural gas has broken below previous low. Today's range $1.69 -1.63
- Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
- Natural Gas is currently trading at $1.64/mmbtu. Immediate support lies at $1.65 area & resistance at $2 and $2.3
WTI |
+4.72% |
Brent |
+4.13% |
Natural Gas |
-7.87% |