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Commodities snapshot (energy)

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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