Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is consolidating below $50 per barrel. Today’s range $49.4 -50.2
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $49.8/barrel. Immediate support lies at $45 area and resistance at $52 area.
Oil (Brent) –
- Brent remains elevated over greater demand compared to WTI. Today’s range - $55.1-56
- Brent is trading at $5.6 per barrel premium to WTI.
- Brent is trading at $55.4/barrel. Immediate support lies at $51 area and resistance at $56 region.
Natural Gas –
- Natural gas is challenging key resistance around $3.12 area. Today’s range $3.02-3.15
- Short call soured
- Natural Gas is currently trading at $3.03/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12
|
WTI |
-0.20% |
|
Brent |
-0.18% |
|
Natural Gas |
+3.31% |
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