Energy pack is red today. Weekly performance at a glance in chart & table. Oil (WTI) - WTI is sharply down today. Saudi-Iran tension means supply glut to stay in 2016, at least from unless greater turmoil takes place. To…
Energy pack is red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
WTI is sharply down today. Saudi-Iran tension means supply glut to stay in 2016, at least from unless greater turmoil takes place. Today's range $36.4-34.5
WTI is currently trading at $34.6/barrel. Immediate support lies at $32, $34.7 area and resistance at $39.1, $42, $43.6 area.
Oil (Brent) -
Brent is worse performer than WTI over fading Middle East tensions. Today's range - $36.7-34.5
Brent-WTI spread is at 10 cents per barrel.
Brent is trading at $37.1/barrel. Immediate support lies at $34, $36 area and resistance at $38.5, $41.5, $45, $47 region.
Natural Gas -
Natural gas gave up earlier gains and moved into red as winter remains weak. Today's range $2.28-2.36
Natural Gas is currently trading at $2.32/mmbtu. Immediate support lies at $1.66 area & resistance at $1.98, $2.1, $2.3
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