Energy pack is up 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 - $69- $71.1
- WTI is currently trading at $71/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 - $78.1-79.7
- Brent is trading at $8.6 per barrel premium to WTI.
- Brent is trading at $79.6/barrel. Immediate support lies at $73 area and resistance at $79 region.
Natural Gas –
- The natural gas price is heading higher to test the sellers around $3 area. The best performer of the week as the range trade continues. Today’s range $2.93-$2.98
- Natural Gas is currently trading at $2.98/MMBtu. Immediate support lies at $2.72 area & resistance at $2.93
WTI |
+2.90% |
Brent |
+1.92% |
Natural Gas |
+8.04% |