Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price down this week, despite OPEC extending production deal. Today’s range - $57.7-$56.5
- WTI is currently trading at $57.6/barrel. Immediate support lies at $54 area and resistance at $60 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $62-63.3
- Brent is trading at $5.6 per barrel premium to WTI.
- Brent is trading at $63.2/barrel. Immediate support lies at $59 area and resistance at $65 region.
Natural Gas –
- Natural gas is continuing range trade despite several breakout attempts on both sides. It is again testing range low. Today’s range $2.76-2.82
- Natural Gas is currently trading at $2.8/MMBtu. Immediate support lies at $2.72, $2.8 area & resistance at and $3.04
WTI |
-1.20% |
Brent |
-0.63% |
Natural Gas |
-8.07% |
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