Energy pack is mixed, while oil is up, gas is trading red today. Weekly performance at a glance in chart & table.
Oil (WTI)
- WTI is up today as buyers remain strong around $40 area. Today's range $40.5-42.1
- WTI is currently trading at $41.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.
Oil (Brent)
- Brent is up in line with WTI, not much of a mover today. Today's range - $44 - $44.7
- Brent-WTI spread dropped to $3.8/barrel from $3.9/barrel last night.
- Brent is trading at $44.6/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.
Natural Gas
- Natural gas is sharply down, bears are pushing to test recent low as winter remains pretty late and weak. Today's range $2.28-2.2
- EIA report showed, inventory rose by 15 billion cubic feet to record 4 trillion cubic feet, all-time record.
- Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu.
- Natural Gas is currently trading at $2.2/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+2.63% |
|
Brent |
+0.38% |
|
Natural Gas |
-7.33% |


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