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 - EconoTimes)
Energy pack is green in today's trading. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is marginally up today, struggling to rise over $47/barrel. Today's range $45.5-46.4
- Bears are likely to push towards $38/barrel area, since support at $43-44 cleared.
- WTI is currently trading at $46.2/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.
Oil (Brent) -
- Brent is better performer than WTI today. Today's range - $48.3-49.5
- Brent-WTI spread rose from $3/barrel to $3.1/barrel.
- Brent is trading at $49.4/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas is trading in green today. Today's range $2.18-2.3.
- Natural Gas is currently trading at $2.25/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
+3.52% |
|
Brent |
+3.07% |
|
Natural Gas |
-1.36% |
