Energy pack is up in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI has finally broken above $50 per barrel. Today’s range $49.7 -50.5
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $50.2/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 $5.5 per barrel premium to WTI.
- Brent is trading at $55.7/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 $3.13-3.17
- Short call soured. If resistance cleared, likely to move towards $3.5 area
- Natural Gas is currently trading at $3.16/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12, $3.22
WTI |
+0.60% |
Brent |
+0.36% |
Natural Gas |
+4.60% |
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