Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price is correcting as OPEC production rose by 0.32 million barrels in June. Today’s range - $69.8-$70.4
- WTI is currently trading at $69.9/barrel. Immediate support lies at $67 area and resistance at $75 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $73.2-74.5
- Brent is trading at $3.5 per barrel premium to WTI.
- Brent is trading at $73.3/barrel. Immediate support lies at $70 area and resistance at $79 region.
Natural Gas –
- Natural gas heading sharply lower as the bulls fail to clear resistance around $3 area. Today’s range $2.78-$2.82
- Natural Gas is currently trading at $2.80/MMBtu. Immediate support lies at $2.72 area & resistance at $2.92, $3.10
WTI |
-5.28% |
Brent |
-4.80% |
Natural Gas |
-1.58% |