Energy pack is in mixed today, while oil is in red, gas is trading in green. Weekly performance at a glance in chart & table. Oil (WTI) - WTI dropped today as it keep finding sellers at rallies, now on its way to test su…
Energy pack is in mixed today, while oil is in red, gas is trading in green. Weekly performance at a glance in chart & table.
Oil (WTI) -
WTI dropped today as it keep finding sellers at rallies, now on its way to test support around $43 area once again. Today's range $45-43.8
WTI is currently trading at $44/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
Brent dropped along with WTI, however much worse performer today. Today's range - $46.8-48.3.
Brent-WTI dropped by $0.3 to $2.9/barrel. Further contraction likely
Brent is trading at $46.9/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
Natural gas is continuing its range trade around $2.7 area but showing considerable strength today, might break it to the upside.. Today's range $2.73-2.68.
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.
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