Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price undergoing a correction as increased supplies from the U.S. threatens price. Today’s range - $61.3-$61.9
- WTI is currently trading at $61.4/barrel. Immediate support lies at $57 area and resistance at $62 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $64.4-65
- Brent is trading at $3.3 per barrel premium to WTI.
- Brent is trading at $64.7/barrel. Immediate support lies at $62 area and resistance at $67 region.
Natural Gas –
- Natural gas declining sharply after major spike as winter end nears and inventories are still elevated. Today’s range $2.53-2.69
- Natural Gas is currently trading at $2.543/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
+3.72% |
Brent |
+3.19% |
Natural Gas |
-2.19% |
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