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 - EconoTimes)
Energy pack is mixed, while gas is down oil is up. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI recovered from its recent slump. Lack of clarity in outlook. Today's range $45.9-47.3
- WTI is currently trading at $47/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.
Oil (Brent) -
- Brent is up but worse performer than WTI today. Today's range - $48.4-49.7
- Brent-WTI spread trading dropped to $2.5/barrel, from $2.7/barrel.
- Brent is trading at $49.5/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas continuing its lacklustre performance as winter outlook remains warmer than usual. Today's range $2.23-2.29.
- Natural Gas is currently trading at $2.25/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+1.38% |
|
Brent |
+0.14% |
|
Natural Gas |
-2.43% |
