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 - EconoTimes)
Energy segment's performance is overall positive in today's trading. Weekly performance at a glance in chart & table -
- Oil (WTI) - WTI is continuing its post FOMC rally. Weaker dollar improved prospects of US crude amid oversupply. WTI crude is currently trading at 47.8, up 0.75% today. Price target is coming around $51/barrel and $54/barrel. Immediate support lies at 42, 38 and resistance at 48.3, 53.
- Oil (Brent) - Weaker Chinese PMI figure is weighing on Brent price today. Brent-WTI spread is trading at $ 7.7/barrel, broken the support at $8/barrel. Last week it traded close to $11.5/barrel. Brent failed to break above the resistance near $58. Brent is trading at $55.4/barrel. Immediate support lies at 52.5, 48, 45 & resistance at 58.4, 62.
- Natural Gas - Natural gas trading directionless within ranges. Natural Gas is currently trading at 2.79/mmbtu. Immediate support lies at 2.65, 2.55 & resistance at 2.91, 3.02.
|
WTI |
2.43% |
|
Brent |
0.27% |
|
Natural Gas |
0.36% |
