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 - EconoTimes)
Energy pack is mixed, while gas is down, oil trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is continuing its consolidation, however market squeeze suggests breakout ahead. Today's range $44.6-45.9
- EIA report showed inventory rose by 3.955 million barrels.
- WTI is currently trading at $45.3/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
- Brent is up in line with WTI today. Today's range - $47.8-49.2
- Brent-WTI spread rose by $0.1 to $3.1/barrel.
- Brent is trading at $48.4/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas dropped further wiping out all of Monday's gains. Today's range $2.53-2.61.
- Natural Gas is currently trading at $2.54/mmbtu. Immediate support lies at $2.5, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
-0.20% |
|
Brent |
+0.10% |
|
Natural Gas |
-0.66% |
