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 - corrected - EconoTimes)
Energy pack is mixed, while gas is up oil is down. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI reversing gains since yesterday, however bulls and bears are broadly balanced. Today's range $46.7-45.6
- WTI is currently trading at $45.8/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.
Oil (Brent) -
- Brent is down in line with WTI today. Today's range - $49.3-50.9.
- Brent-WTI spread trading rose to $2.5/barrel, from $2.4/barrel last night
- Brent is trading at $48.3/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas is up after EIA report showed lower inventory pile up of 52 billion cubic feet. Today's range $2.24-2.36.
- Natural Gas is currently trading at $2.35/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
-1.42% |
|
Brent |
-2.49% |
|
Natural Gas |
+1.91% |
