Energy pack is trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI trimmed gains today after stocks rose this week according to EIA report. Today's range $48.2-49.7
- WTI might gain towards $55/barrel.
- EIA crude oil stocks rose by 3.073 million barrels.
- WTI is currently trading at $48.8/barrel. Immediate support lies at $45 area and resistance at $54 area.
Oil (Brent) -
- Brent is up in line with WTI today, but much better performer. Today's range - $51.9-53.2
- Brent-WTI spread gained to $3.6/barrel from $3.4/barrel.
- Brent is trading at $52.5/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas headed higher, focus on tomorrow's inventory report. Today's range $2.45-2.54.
- Natural Gas is currently trading at $2.49/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.
|
WTI |
+6.97% |
|
Brent |
+8.94% |
|
Natural Gas |
+1.67% |


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