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Energy pack is mixed today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is up riding on risk aversion in Middle East as Turkey shoots down Russian fighter jet over border violation. Today's range $41.8-43.5
- WTI is currently trading at $42.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.
Oil (Brent) -
- Russia Turkey collision and Putin's verbal rebuke led to sharp rise in Brent. Today's range - $44.9-46.5
- Brent-WTI spread flat at $3.2/barrel.
- Brent is trading at $46/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.
Natural Gas -
- Natural gas is down today after yesterday's big rise. Today's range $2.12-2.22
- 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 $2.16/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+3.08% |
|
Brent |
+3.51% |
|
Natural Gas |
+0.99% |
