Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table, Oil (WTI) – Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction. Today’s range - $51.8- $52.9 WTI i…
Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,
Oil (WTI) –
Oil price is recovering as OPEC+ announced 1.2 million barrels of supply reduction. Today’s range - $51.8- $52.9
WTI is currently trading at $52/barrel. Immediate support lies at $45 area and resistance at $55 area.
Oil (Brent) –
Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $59.6-60.7
Brent is trading at $8.7 per barrel premium to WTI.
Brent is trading at $60.7/barrel. Immediate support lies at $57 area and resistance at $63 region.
Natural Gas –
The natural gas price remains elevated thanks to a lower level of inventories. The volatility has increased significantly. Down this week as winter severity less intense. Today’s range $4.15 -$4.41
Natural Gas is currently trading at $4.22/MMBtu. Immediate support lies at $4.1 area & resistance at $5.1
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