Energy pack is trading in red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is down today but at much slower pace than yesterday. Today's range $47.9-46.6
- Active call - Buy WTI with targets around $53.6. $55.5 and $69 with stop around $43 for first two targets and $37.5 for the last.
- WTI is currently trading at $47.2/barrel. Immediate support lies at $43 area and resistance at $54 area.
Oil (Brent) -
- Brent is down in line with WTI today, relatively worse performer. Today's range - $49.4-50.7
- Brent-WTI spread dropped to $2.8/barrel from $3/barrel.
- Brent is trading at $50/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas is marginally down finding resistance around $2.55/mmbtu resistance area. Today's range $2.50-2.56.
- Natural Gas is currently trading at $2.53/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.
|
WTI |
-4.63% |
|
Brent |
-4.74% |
|
Natural Gas |
+0.68% |


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