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 - EconoTimes)
Energy pack is trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI rose sharply after both API and EIA reported drop in inventory. Today's range $46.1-47.2
- WTI is currently trading at $47.1/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
- Brent rose along with WTI and relatively better performer. Today's range - $50.3-48.7
- Brent-WTI spread rose to $3/barrel from $2.2/barrel.
- Brent is trading at $50.1/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas is looking to reverse some of the recent loss, even if it is not a change in trend. Today's range $2.61-2.57.
- Natural Gas is currently trading at $2.59/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
+4.92% |
|
Brent |
+5.14% |
|
Natural Gas |
-0.38% |
