Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Commodities snapshot (energy)

Energy pack is mixed in today’s trading. Weekly performance at a glance in chart & table,

Oil (WTI) –

  • WTI is higher as Saudi oil minister vows to end supply glut. Today’s range $52 -52.6
  • Active call – Buy targeting $56 per barrel
  • WTI is currently trading at $52.1/barrel. Immediate support lies at $49 area and resistance at $53 area.

Oil (Brent) –

  • Brent is up in line with the WTI. Today’s range - $58-58.6
  • Brent is trading at $6.1 per barrel premium to WTI.
  • Brent is trading at $58.2/barrel. Immediate support lies at $54 area and resistance at $59 region.

Natural Gas –   

  • Natural gas continuing its consolidation in a narrow range. Today’s range $3.01-2.91
  • Natural Gas is currently trading at $2.93/MMBtu. Immediate support lies at $2.75 area & resistance at and $3.12

WTI

        +0.50%

Brent

        +0.48%

Natural Gas

        +1.21%


           

 

 

 

 

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.