Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated as report came out suggesting Saudi Arabia targeting $100 per barrel. Today’s range - $68.5-$69.3
- WTI is currently trading at $68.8/barrel. Immediate support lies at $63 area and resistance at $69area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $74.5-75.3
- Brent is trading at $6 per barrel premium to WTI.
- Brent is trading at $74.8/barrel. Immediate support lies at $66 area and resistance at $74 region.
Natural Gas –
- Natural gas is continuing its struggle as winter end arrives. Today’s range $2.72-2.77
- Natural Gas is currently trading at $2.75/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90
WTI |
+1.03% |
Brent |
+1.49% |
Natural Gas |
+0.36% |
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