Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- WTI is consolidating above $50 per barrel. Today’s range $50.3 -50.8
- Active call – Buy targeting $56 per barrel
- WTI is currently trading at $50.3/barrel. Immediate support lies at $45 area and resistance at $52 area.
Oil (Brent) –
- Brent remains elevated over greater demand compared to landlocked WTI. Today’s range - $56.2-56.7
- Brent is trading at $6.2 per barrel premium to WTI.
- Brent is trading at $56.5/barrel. Immediate support lies at $51 area and resistance at $56 region.
Natural Gas –
- Natural gas is declining sharply after a false breakout. Today’s range $3.09-3
- Short call soured. If resistance cleared, likely to move towards $3.5 area
- Natural Gas is currently trading at $2.95/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12, $3.22
WTI |
+0.80% |
Brent |
+1.80% |
Natural Gas |
-2.35% |
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