Energy pack is down today. Weekly performance at a glance in chart & table. Oil (WTI) - WTI gave up all of its gains, which was as much as 6% and now fallen to red as agreement to freeze production by Saudi Arabia and Ru…
Energy pack is down today. Weekly performance at a glance in chart & table.
Oil (WTI) -
WTI gave up all of its gains, which was as much as 6% and now fallen to red as agreement to freeze production by Saudi Arabia and Russia fell short of market expectations. Today's range $28.8-31.5
WTI is currently trading at $29/barrel. Immediate support lies at $24, area and resistance at $30, $32, $39 area.
Oil (Brent) -
Brent is relatively worse performer than WTI today. Today's range - $32.8-34
Brent is at $4 /barrel premium to WTI.
Brent is trading at $32.9/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.
Natural Gas -
Natural gas dropped further. Today's range $1.88 -1.94
Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
Natural Gas is currently trading at $1.89/mmbtu. Immediate support lies at $1.7 area & resistance at $2 and $2.3
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