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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 is marginally higher today after bid selloff last night. Today’s range $52.3-53
  • With an OPEC and non-OPEC deal done, the oil price is likely to reach $59 and $68 per barrel.
  • WTI is currently trading at $52.4/barrel. Immediate support lies at $49 area and resistance at $57 area.

Oil (Brent) –

  • Brent is down today in contrast to WTI. Today’s range - $55.4-56.9
  • Brent is trading at $3.2 per barrel premium to WTI. Likely to widen further.
  • Brent is trading at $55.6/barrel. Immediate support lies at $52 area and resistance at $58 region.

Natural Gas –   

  • Natural gas suffered heavy selloffs this week as weather improves. We continue to expect natural gas to go to $4.3 area. New targets of $5.5 have been introduced. Today’s range $3.27-3.35
  • Natural Gas is currently trading at $3.3/mmbtu. Immediate support lies at $2.6, $3.2 area & resistance at  $3.75 and $4.1    

WTI

        -2.55%

Brent

        -2.35%

Natural Gas

        -12.93%


           

 

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June 18 23:50 UTC Released

JPTrade Balance Total Yen

Actual

-967.1 Bln JPY

Forecast

-979.2 Bln JPY

Previous

60.4 Bln JPY

June 18 23:50 UTC Released

JPImports YY

Actual

-1.5 %

Forecast

0.2 %

Previous

6.4 %

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737645737645m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 737645737645m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 725825725825m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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