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Commodities snapshot (energy)

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%

  • Market Data
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