Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is higher this week over Kurdistan and Iraq conflict. Today’s range $51.6 -52.3
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $52/barrel. Immediate support lies at $49 area and resistance at $53 area.
Oil (Brent) –
- Brent is up in line with WTI today but remains elevated over higher demand. Today’s range - $58.3-57.6
- Brent is trading at $6 per barrel premium to WTI.
- Brent is trading at $58/barrel. Immediate support lies at $54 area and resistance at $59 region.
Natural Gas –
- Natural gas continuing its consolidation between $2.87 and $3.1. Today’s range $3.01-2.94
- Natural Gas is currently trading at $3/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12
WTI |
+1.17% |
Brent |
+1.40% |
Natural Gas |
-0.03% |
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