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Energy pack is in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI gained sharply from interim support area of $43.3/barrel. Today's range $45.6-48.5
- Next target area is $53/barrel.
- WTI is currently trading at $46.7/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $50 area.
Oil (Brent) -
- Brent rose along with WTI, however relatively worse performer than today. Today's range - $49.8-52.5.
- Brent-WTI dropped to $3.9/barrel. Further contraction possible.
- Brent is trading at $50.6/barrel. Immediate support lies at $48 area and resistance at $54.5, 59 region.
Natural Gas -
- Natural gas jumped back sharply as $2.63 area provided necessary support. Today's range $2.74-2.63.
- EIA report showed inventory rose by 94 billion cubic feet.
- Natural Gas is currently trading at $2.72/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
+3.16% |
|
Brent |
+1.34% |
|
Natural Gas |
+0.22% |
