Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil is under selling pressure despite support from a weaker dollar. Today’s range $47.2-46.3
- Active call – add short positions to the existing short call targeting $38 per barrel.
- WTI is currently trading at $46.4/barrel. Immediate support lies at $42 area and resistance at $48 area.
Oil (Brent) –
- Brent is down in line with WTI this week. Today’s range - $48.7-49.7
- Brent is trading at $2.4 per barrel premium to WTI. Likely to widen further in the medium term.
- Brent is trading at $48.8/barrel. Immediate support lies at $46 area and resistance at $51 region.
Natural Gas –
- Natural gas is the best performer of the week. Today’s range $3.05-3.00
- Active Call -Bear trend would push it towards $2.69 per MMBtu
- Natural Gas is currently trading at $3.02/MMBtu. Immediate support lies at $2.92 area & resistance at and $3.1
WTI |
-0.30% |
Brent |
-0.61% |
Natural Gas |
+1.68% |
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