Energy segment has rebounded sharply since yesterday. Weekly performance at a glance in chart & table
Oil (WTI) -
- WTI is giving up gains after last week's commendable rise. China's reserve ratio cut only provided temporary boost. However further rise in prices are expected despite drop in prices.
- Bulls might push prices higher towards $60 as initial target area and move on to test $63-65/barrel resistance area.
- WTI is currently trading at $56.9/barrel. Immediate support lies at $51.2-50, $47.5-47 and resistance at $58.9-59.7.
Oil (Brent) -
- Brent dropped after early gains over Chinese policy ease. Price traded as high as $64.3/barrel, trading at 62.9/barrel. Price might comeback to test $60 level, before heading higher.
- Brent-WTI spread moved lost grounds today, currently trading at $6/barrel. Bears are back in control, however conviction lacking.
- Brent is trading at $62.9/barrel. Immediate support lies at 61.8-61.4, $58-57 area and resistance at $ 62.6-64 region.
Natural Gas -
- Natural gas is worst performer today, bulls were halted near $2.7/mmbtu last week. Rally over weaker dollar ended. Bears would now push prices lower.
- Natural Gas is currently trading at 2.55/mmbtu. Immediate support lies at $2.12 area & resistance at $2.71.
|
WTI |
+0.19% |
|
Brent |
+1.32% |
|
Natural Gas |
-3.97% |


‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem
Who should own the knowledge that underpins AI technology?
Physicists zoom into the birth of cosmic rainstorms with new CERN study
1 in 3 uni students experience serious financial hardship. Could concession cards for all help?
China’s robots can run faster than Usain Bolt – now they are being prepared for war
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 



