Energy pack is mixed, while oil is down, gas is trading in green today. Weekly performance at a glance in chart & table. Oil (WTI) - WTI dropped sharply after yesterday's massive rise as global growth concerns especially…
Energy pack is mixed, while oil is down, gas is trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
WTI dropped sharply after yesterday's massive rise as global growth concerns especially in China might lead to lower demand. Today's range $45.3-46.8
WTI is currently trading at $45.7/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
Brent drops along with WTI over similar growth concern. Today's range - $47.7-48.7
Brent-WTI spread unchanged at $2.2/barrel.
Brent is trading at $47.8/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
Natural gas is up today after 5 days of consecutive loss. However today's marginal gain hardly producing any signs of reversal. Today's range $2.60-2.55.
Natural Gas is currently trading at $2.57/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
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