Despite its best efforts, Iran won’t be able to toll the Strait of Hormuz. Here’s why 
Part II — The listing: NFTs as bottle-stamps, and a vault the family is in no rush to sell 
A Korean Family Spent 34 Years Hoarding Chinese Tea. Now They're Putting It on the Blockchain. 
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140? 
Bank Regulation Rollbacks in the U.S. and UK Could Increase Financial Risks, Study Warns 
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 
Silver Cracks Key 365-Day EMA for First Time Since Feb 2024; Bears Eye $50 on Rallies 
 - EconoTimes)
Energy pack is trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI trimmed loss today from yesterday's selloffs after stocks rose this week according to EIA report. Today's range $47.7-48.7
- Active call - Buy WTI with targets around $53.6. $55.5 and $69 with stop around $43 for first two targets and $37.5 for the last.
- WTI is currently trading at $48.3/barrel. Immediate support lies at $43 area and resistance at $54 area.
Oil (Brent) -
- Brent is up in line with WTI today, relatively better performer. Today's range - $51.3-53.5
- Brent-WTI spread gained to $3.7/barrel from $3.6/barrel.
- Brent is trading at $52/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas headed higher, after stocks rose lower than expected. Today's range $2.45-2.53.
- Natural Gas is currently trading at $2.51/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.
|
WTI |
+5.87% |
|
Brent |
+7.91% |
|
Natural Gas |
+2.28% |
