Energy pack is down in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is in decline as Iraq takes control of vast regions in Kirkuk without much resistance. Today’s range $51.1 -52.2
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $51.3/barrel. Immediate support lies at $49 area and resistance at $53 area.
Oil (Brent) –
- Brent is down in line with WTI today but remains elevated over higher demand. Today’s range - $58.3-57.2
- Brent is trading at $6 per barrel premium to WTI.
- Brent is trading at $57.3/barrel. Immediate support lies at $54 area and resistance at $59 region.
Natural Gas –
- Natural gas once again cleared support around $2.87. Today’s range $2.89-2.94
- Natural Gas is currently trading at $2.87/MMBtu. Immediate support lies at $2.75 area & resistance at and $2.96
WTI |
-0.19% |
Brent |
+0.17% |
Natural Gas |
-4.47% |
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