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Energy pack is mixed in today's trading. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is suffering another heavy drop today and broke below $43 key support area. Today's range $42.6-43.9
- Bears are likely to push towards $38/barrel area, since support at $43-44 cleared.
- WTI is currently trading at $43/barrel. Immediate support lies at $43 area and resistance at $47.5 area.
Oil (Brent) -
- Brent is down in line with WTI today, relatively better performer. Today's range - $46.4-47.6
- Brent-WTI spread is trading rose from $3.6/barrel to $3.7/barrel.
- Brent is trading at $47.8/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas recovered sharply and up for the day after breaking below $2 for first time since 2012. Today's range $2.12-1.94.
- Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
-3.43% |
|
Brent |
-2.36% |
|
Natural Gas |
-8.37% |
