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 - EconoTimes)
Energy pack is mixed, while gas is up, oil is trading in red. Weekly performance at a glance in chart & table.
Oil (WTI)
- WTI is sharply down today as global inventory closes in on record $3 billion. Today's range $44-46
- WTI is currently trading at $40.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.
Oil (Brent)
- Brent is much better performer than WTI today. Today's range - $42.2-40.3
- Brent-WTI spread rose from $2.8/barrel to $4/barrel.
- Brent is trading at $44.8/barrel. Immediate support lies at $42 area and resistance at $48, $50.5, 54 region.
Natural Gas
- Natural gas is sharply up today. Today's range $2.22-2.31
- Natural Gas is currently trading at $2.34/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.
|
WTI |
-8.38% |
|
Brent |
-5.94% |
|
Natural Gas |
-0.47% |
