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 - EconoTimes)
Energy pack is mixed, while oil is up, gas is trading in red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is rose sharply as money managers most bullish in two months and non-OPEC production to drop fast. Today's range $46.3-44.7
- WTI is currently trading at $46.2/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
- Brent rose along with WTI, relatively worse performer. Today's range - $47.5-48.8.
- Brent-WTI spread dropped to $2.2/barrel from $2.6/barrel. Further contraction possible.
- Brent is trading at $48.4 /barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas is clearly trading with downside bias, down for fifth consecutive day. Today's range $2.61-2.54.
- Natural Gas is currently trading at $2.58/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
+2.92% |
|
Brent |
+1.57% |
|
Natural Gas |
-0.77% |
