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Commodities snapshot (energy)

Energy pack is mixed, while oil is down, gas is trading in green today. Weekly performance at a glance in chart & table.

Oil (WTI) -

  • WTI dropped sharply after yesterday's massive rise as global growth concerns especially in China might lead to lower demand. Today's range $45.3-46.8

  • WTI is currently trading at $45.7/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

  • Brent drops along with WTI over similar growth concern. Today's range - $47.7-48.7

  • Brent-WTI spread unchanged at $2.2/barrel.

  • Brent is trading at $47.8/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -

  • Natural gas is up today after 5 days of consecutive loss. However today's marginal gain hardly producing any signs of reversal. Today's range $2.60-2.55.
  • Natural Gas is currently trading at $2.57/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.

WTI

+2.03%

Brent

+0.73%

Natural Gas

 

-1.15%

  • Market Data
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