Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated despite higher supplies from OPEC, Russia and the United States as inventory declines and Iran sanctions weigh. Today’s range - $68.6-$70.4
- WTI is currently trading at $68.9/barrel. Immediate support lies at $64 area and resistance at $72 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $76.9-78.7
- Brent is trading at $8.5 per barrel premium to WTI.
- Brent is trading at $77.4/barrel. Immediate support lies at $73 area and resistance at $79 region.
Natural Gas –
- The bounce back from $2.7 area seems to be over as the price declines from $3 resistance area again after a failed attempt to break. Today’s range $2.8-$2.85
- Natural Gas is currently trading at $2.83/MMBtu. Immediate support lies at $2.78 area & resistance at $2.95
WTI |
-1.29% |
Brent |
-0.26% |
Natural Gas |
-3.18% |