Energy pack is mixed today as oil is down and gas is up. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is down today, as investors preferred safety assets over risky ones. Today's range $59.7-58
- Target for the downside is coming around $50-51/barrel if doji high is not taken out at $62.7. A break above could push prices as high as $70/barrel. $75/barrel remains next target.
- WTI is currently trading at $58.5/barrel. Immediate support lies at $56-54.6, $51.2-50 and resistance at $63-$65.
Oil (Brent) -
- Brent dropped to support area, a break could push prices sharply lower's range $63.2- 61.3.
- Brent-WTI spread lost 10 cents today, currently trading at $3.5/barrel.
- Target is coming around $55/barrel, if doji high is not taken out. A break would push it towards $80/barrel.
- Brent is trading at $61.9/barrel. Immediate support lies at 61.8-61.4 area and resistance at $ 70 region.
Natural Gas -
- Natural gas tried to test but failed to push above $2.85/mmbtu area, which is crucial to keep bullish momentum going. Range remains $2.7/mmbtu and 2.85/mmbtu. Today's range $2.73-$2.83
- Natural Gas is currently trading at $2.77/mmbtu. Immediate support lies at $2.7, $2.45 area & resistance at $2.85, $2.93, $3.04, $3.32.
|
WTI |
-2.01% |
|
Brent |
-1.99% |
|
Natural Gas |
+0.11% |
