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Commodities snapshot (energy)

Energy pack is mixed in today's trading. Weekly performance at a glance in chart & table. Oil (WTI) - WTI gained further over optimism surrounding global policy coordination. Today's range $31-31.75 WTI is currently trad…

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Commodities snapshot (energy)
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Energy pack is mixed in today's trading. Weekly performance at a glance in chart & table.

Oil (WTI) -

  • WTI gained further over optimism surrounding global policy coordination. Today's range $31-31.75

  • WTI is currently trading at $31.5/barrel. Immediate support lies at $24, 27 area and resistance at $32, $39 area.

Oil (Brent) -

  • Brent is up bit worse performer than WTI today. Today's range - $34.3-35.5

  • Brent is at $3.7 /barrel premium to WTI.

  • Brent is trading at $35.2/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

  • Natural gas is under heavy selling pressure as winter passes on. Today's range $1.89 -1.96
  • 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

WTI

        +7.00%

Brent

+7.45%

Natural Gas

 

-3.32%

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