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% |
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