Energy pack is mixed, while gas is up oil is down. Weekly performance at a glance in chart & table. Oil (WTI) - WTI reversed gains after EIA report that saw stocks rise by 2.8 million barrels. Today's range $46.9-48.3 WT…
Energy pack is mixed, while gas is up oil is down. Weekly performance at a glance in chart & table.
Oil (WTI) -
WTI reversed gains after EIA report that saw stocks rise by 2.8 million barrels. Today's range $46.9-48.3
WTI is currently trading at $46.9/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.
Oil (Brent) -
Brent is down but marginally better performer than WTI today. Today's range - $49.3-50.9
Brent-WTI spread trading dropped to $2.4/barrel, from $2.5/barrel last night
Brent is trading at $49.3/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.
Natural Gas -
Natural gas continuing its lacklustre performance as winter outlook remains warmer than usual. Today however, it is trading in green. Today's range $2.26-2.32.
Natural Gas is currently trading at $2.29/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
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