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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. Crude is however sharply up today. Today's range $45.2-47.1
- WTI is currently trading at $46.8/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, relatively worse performer. Today's range - $48.4-49.9
- Brent-WTI spread down by $0.3 to $2.8/barrel.
- Brent is trading at $49.6/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas dropped further below $2.5 area. Today's range $2.55-2.48.
- Natural Gas is currently trading at $2.48/mmbtu. Immediate support lies at $2.5, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
+3.11% |
|
Brent |
+2.59% |
|
Natural Gas |
-3.01% |
