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Commodities snapshot (energy)

Energy pack is in red today. Weekly performance at a glance in chart & table. Oil (WTI) - WTI bulls not eager to follow up on yesterday's short covering. Today's range $36-37.1 WTI is currently trading at $36.3/barrel. I…

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Commodities snapshot (energy)
Image from the original EconoTimes article

Energy pack is in red today. Weekly performance at a glance in chart & table.

Oil (WTI) -

  • WTI bulls not eager to follow up on yesterday's short covering. Today's range $36-37.1

  • WTI is currently trading at $36.3/barrel. Immediate support lies at $32, $34.7 area and resistance at $39.1, $42, $43.6 area.

Oil (Brent) -

  • Brent is much better performer than WTI. Today's range - $37.5-39

  • Brent-WTI spread rose by $0.4/barrel to $1.9/barrel, since last Thursday.

  • Brent is trading at $38.4/barrel. Immediate support lies at $34, $36.2 area and resistance at $41.5, $45, $47 region.

Natural Gas -   

  • Natural gas continuing its decline, past 14 year low. Today's range $1.91-1.83
  • Natural Gas is currently trading at $1.85/mmbtu. Immediate support lies at $1.66 area & resistance at $1.98, $2.1, $2.3

WTI

        -0.28%

Brent

-0.68%

Natural Gas

 

+0.38%

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