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 - EconoTimes)
Energy pack is red in today's trading. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is down to start off the week. Today's range $45.5-47
- 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 worse performer than WTI today. Today's range - $48.3-50
- Brent-WTI spread trading at $2.7/barrel.
- Brent is trading at $48.9/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
- Natural gas trading in back foot due to warmer winter. Today's range $2.18-2.34.
- Natural Gas is currently trading at $2.25/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
-0.82% |
|
Brent |
-1.38% |
|
Natural Gas |
-2.21% |
