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Energy pack is trading in red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI dropped further, however $45-46 area continues to provide support. Today's range $45.8-47
- WTI is likely to fall towards $42 area. The drop might extend below $40 area. $45 will serve as interim support.
- WTI is currently trading at $45.9/barrel. Immediate support lies at $42 and resistance at $54
Oil (Brent) -
- Brent traded as low as $50/barrel today.
- Brent-WTI spread dropped by 60 cents since last trading day, currently trading at $4.4/barrel.
- Target for Brent is reached at $51-50 area. Further lows can't be ruled out.
- Brent is trading at $50.3/barrel. Immediate support lies at $50 area and resistance at $57 region.
Natural Gas -
- Natural gas bulls clearly lost strength, however still holding onto support at $2.7/mmbtu area. Today's range $2.8-2.74.
- Price might reach as low as $2.35 if it clears $2.7 mark, since bulls failed to break $2.95 area.
- Natural Gas is currently trading at $2.7/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.95, $3.04, $3.32.
|
WTI |
-2.09% |
|
Brent |
-3.01% |
|
Natural Gas |
-0.44% |
