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Commodities snapshot (energy) - corrected

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

Oil (WTI) -

  • WTI reversing gains since yesterday, however bulls and bears are broadly balanced. Today's range $46.7-45.6

  • WTI is currently trading at $45.8/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.

Oil (Brent) -

  • Brent is down in line with WTI today. Today's range - $49.3-50.9.
  • Brent-WTI spread trading rose to $2.5/barrel, from $2.4/barrel last night

  • Brent is trading at $48.3/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas -   

  • Natural gas is up after EIA report showed lower inventory pile up of 52 billion cubic feet. Today's range $2.24-2.36.
  • Natural Gas is currently trading at $2.35/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.

WTI

        -1.42%

Brent

-2.49%

Natural Gas

 

+1.91%

  • Market Data
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