Energy pack is down in today’s trading. Weekly performance at a glance in chart & table.
Oil (WTI) –
- WTI continuing its decline, now trading around $40 area. Active call – WTI is likely to drop towards $35 area. Today’s range $41.2-40.5
- WTI is currently trading at $40.7/barrel. Immediate support lies at $35.5 area and resistance at $45, $50.2, $52 area.
Oil (Brent) –
- Brent is down in line with WTI. Today’s range - $42.5-43.4
- Brent is trading at $1.9 per barrel premium to WTI.
- Brent is trading at $42.6/barrel. Immediate support lies at $44 area and resistance at $54 region.
Natural Gas –
- Natural gas is best performer this week but marginally down today after big rise yesterday. We expect natural gas to go down around $2.2 area, before it goes to $4.3 area. Today’s range $2.83-2.87
- Natural Gas is currently trading at $2.87/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1
WTI |
-7.90% |
Brent |
-6.76% |
Natural Gas |
+3.42% |