Menu

Search

  |   Insights & Views

Menu

  |   Insights & Views

Search

Commodities snapshot (energy)

Energy pack is mixed, while oil pack is red, gas is trading in green today. Weekly performance at a glance in chart & table.

Oil (WTI) -

  • WTI trimmed gains from 200 day moving average line since Friday. Today's range $47.8-50.2
  • 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 $48.1/barrel. Immediate support lies at $43 area and resistance at $54 area.

Oil (Brent) -

  • Brent is down in line with WTI today. Today's range - $53.3-50.7

  • Brent-WTI spread flat at $3/barrel from $3.7/barrel.

  • Brent is trading at $51.1/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -   

  • Natural gas treading water around $2.55/mmbtu resistance area. Today's range $2.50-2.56.
  • Natural Gas is currently trading at $2.49/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.

WTI

        -2.81%

Brent

-2.84%

Natural Gas

 

+1.07%

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.