Energy pack is up in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is up today after last week’s big selloffs on risk on rally. Today’s range $49.6-50.2
- WTI is currently trading at $50.1/barrel. Immediate support lies at $49 area and resistance at $54 area.
Oil (Brent) –
- Brent is up in line with the WTI. Today’s range - $51.9-52.6
- Brent is trading at $2.4 per barrel premium to WTI. Likely to widen further in the medium term.
- Brent is trading at $52.5/barrel. Immediate support lies at $52 area and resistance at $59 region.
Natural Gas –
- The natural gas slowly grinding lower, the focus is on stock gains. Today’s range $3.15-3.08
- Resuming long-term bull trend would push the gas price to $4.3 per MMBtu.
- Natural Gas is currently trading at $3.11/MMBtu. Immediate support lies at $2.95 area & resistance at and $3.3
WTI |
+0.97% |
Brent |
+1.10% |
Natural Gas |
+0.45% |