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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 suffering another heavy drop today and broke below $43 key support area. Today's range $42.6-43.9
  • Bears are likely to push towards $38/barrel area, since support at $43-44 cleared.

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

Oil (Brent) -

  • Brent is down in line with WTI today, relatively better performer. Today's range - $46.4-47.6

  • Brent-WTI spread is trading rose from $3.6/barrel to $3.7/barrel.

  • Brent is trading at $47.8/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas -   

  • Natural gas recovered sharply and up for the day after breaking below $2 for first time since 2012. Today's range $2.12-1.94.
  • Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.

WTI

        -3.43%

Brent

-2.36%

Natural Gas

 

-8.37%

  • Market Data
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