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Commodities snapshot (energy)

Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,

Oil (WTI) –

  • WTI is higher on OPEC optimism. Today’s range $51.7 -52.3
  • Active call – Buy targeting $56 per barrel
  • WTI is currently trading at $52.1/barrel. Immediate support lies at $49 area and resistance at $53 area.

Oil (Brent) –

  • Brent is down today, contrasting with WTI. Today’s range - $58-57.4
  • Brent is trading at $5.7 per barrel premium to WTI.
  • Brent is trading at $57.8/barrel. Immediate support lies at $54 area and resistance at $59 region.

Natural Gas –   

  • Natural gas continues its consolidation in a narrow range. Today’s range $3.02-2.9
  • Natural Gas is currently trading at $2.99/MMBtu. Immediate support lies at $2.75 area & resistance at and $3.15

WTI

        +0.50%

Brent

        -0.21%

Natural Gas

        +3.07%


           

 

 

 

 

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