Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is struggling to make gains despite OPEC agreement. Today’s range $49.5-50.1
- WTI is currently trading at $49.8/barrel. Immediate support lies at $48 area and resistance at $52 area.
Oil (Brent) –
- Brent is down in line with the WTI this week. Today’s range - $52-50.9
- Brent is trading at $2.3 per barrel premium to WTI. Likely to widen further in the medium term.
- Brent is trading at $52.1/barrel. Immediate support lies at $50 area and resistance at $56 region.
Natural Gas –
- Natural gas is the worst performer of the day. Today’s range $3.30-3.21
- Resuming long-term bull trend would push the gas price to $4.3 per MMBtu.
- Natural Gas is currently trading at $3.23/MMBtu. Immediate support lies at $3.15 area & resistance at and $3.5
WTI |
-0.20% |
Brent |
-0.19% |
Natural Gas |
-1.82% |