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Commodities snapshot (energy)

Energy pack is trading in red. Weekly performance at a glance in chart & table. Oil (WTI) WTI continuing its post-NFP sell off, further downside remains open. Today's range $43.6-45.1 WTI is currently trading at $44.1/ba…

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Commodities snapshot (energy)
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Energy pack is trading in red. Weekly performance at a glance in chart & table.

Oil (WTI) 

  • WTI continuing its post-NFP sell off, further downside remains open. Today's range $43.6-45.1
     
  • WTI is currently trading at $44.1/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.

Oil (Brent) 

  • Brent is down in line with WTI today but better performer since Friday. Today's range - $47.1-48.4
     
  • Brent-WTI spread rose to $3.3/barrel, from $3/barrel last night
     
  • Brent is trading at $47.4/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas 

  • Natural gas is down reversing gains as Dollar strengthened. Today's range $2.28-2.39.
  • Natural Gas is currently trading at $2.31/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.

WTI

        -0.97%

Brent

-0.48%

Natural Gas

 

-1.96%

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