Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
- Oil price remains elevated over geopolitical tensions surrounding Iran and Venezuela and as inventories slide Today’s range - $63.7-$63.1
- WTI is currently trading at $63.3/barrel. Immediate support lies at $58 area and resistance at $64 area.
Oil (Brent) –
- Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $68.8-69.4
- Brent is trading at $5.6 per barrel premium to WTI.
- Brent is trading at $68.9/barrel. Immediate support lies at $62 area and resistance at $70 region.
Natural Gas –
- Natural gas recovers to reach cyclical peak. Today’s range $3.15-3.08
- Natural Gas is currently trading at $3.12/MMBtu. Immediate support lies at $2.89 area & resistance at and $3.21 and at $3.12
|
WTI |
+2.93% |
|
Brent |
+1.77% |
|
Natural Gas |
+12.16% |
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FxWirePro: Daily Commodity Tracker - 21st March, 2022
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