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 - EconoTimes)
Energy pack is back in red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI continued lower today since $45 got taken out this week. Today's range $45.2-43.9
- WTI is likely to fall towards $42 area. The drop might extend below $40 area.
- WTI is currently trading at $44/barrel. Immediate support lies at $42 and resistance at $54
Oil (Brent) -
- Brent is marginally worse performer than WTI today. Today's range - $48.5-50.1.
- Brent-WTI spread dropped by 10 cents since last trading day, currently trading at $4.8/barrel.
- $50 area is posing as resistance.
- Brent is trading at $48.8/barrel. Immediate support lies at $45 area and resistance at $53 region.
Natural Gas -
- Natural gas bulls failed to gain upper hand over weaker Dollar today. Today's range $2.83-2.76.
- Price might reach as low as $2.35 if it clears $2.7 mark, whereas bulls might try to test $2.95 area.
- Natural Gas is currently trading at $2.81/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.95, $3.04, $3.32.
|
WTI |
-5.94% |
|
Brent |
-5.72% |
|
Natural Gas |
+3.61% |
