Energy pack is up in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is challenging sellers above $50 per barrel. Today’s range $49.8 -50.6
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $50.4/barrel. Immediate support lies at $45 area and resistance at $52 area.
Oil (Brent) –
- Brent remains elevated over greater demand compared to WTI, however, the spread is slowly narrowing Today’s range - $55.2-55.9
- Brent is trading at $5.3 per barrel premium to WTI.
- Brent is trading at $55.7/barrel. Immediate support lies at $51 area and resistance at $56 region.
Natural Gas –
- Natural gas is the best performer of the week so far. Today’s range $3.15-3.1
- Short call soured. If resistance cleared, likely to move towards $3.5 area
- Natural Gas is currently trading at $3.13/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12, $3.22
WTI |
+1.00% |
Brent |
+0.36% |
Natural Gas |
+3.54% |
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