Big selloffs continuing in energy segment after last week's big fall. Weekly performance at a glance in chart & table -
- Oil (WTI) - WTI selloffs accelerated and price moved very close to target. WTI is yet to reach initial target of $42/ barrel, so further selloffs expected. WTI is currently trading at $43.4/ barrel, down nearly 3% today. Immediate support lies at 42 and resistance at 45.
- Oil (Brent) - Brent continued its fall in today's trading and failed over the spreads too. Brent-WTI spread is trading at $ 9.8, support lies at $8 and resistance at $13. Brent has reached its initial target around $ 53/barrel is likely to move in consolidation ahead of FED meeting though momentum might take the pair lower towards next support. Brent is trading at $53.4/barrel. Immediate support lies at 53.2, 52.4 & resistance at 54.8.
- Natural Gas - Natural gas still looking for direction as summer months approach. Price is consolidating in tight range, there might be breakout ahead. Immediate support lies at 2.65 & resistance at 2.93.
|
WTI |
-3.32% |
|
Brent |
-1.80% |
|
Natural Gas |
-0.81% |


How AI prompting turned writerly description into an everyday skill
Trump’s Iran Strategy: What Has Been Achieved After Three Months of Conflict?
Today’s space race could turn fatal if we don’t agree on new rules
How Donald Trump has changed the way diplomacy is done
AI Memory Boom Sparks Global Chip Supply Crunch
With Iran and the US signing a peace deal, where does that leave Benjamin Netanyahu?
SpaceX Stock Gets $175 Target as Analysts See Massive Growth Ahead
Gold's 365-Day EMA Streak Since Oct 2023 Faces Its First Real Test at $3,980 — Break or Bounce to $4,140?
Goldman Sachs: US Dollar Likely to Stay Strong Despite Oil Price Retreat
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says
Sell the Bounce": Gold Rally Stalls Near $4165 as Fed Hawks Slam the Door on Rate Cuts — Targets $4000/$3600 



