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 - EconoTimes)
Energy pack is trading in red today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI is down today but continuing its consolidation, however market squeeze suggests breakout ahead. Today's range $45.8-44.1
- WTI is currently trading at $44.3/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.
Oil (Brent) -
- Brent is down in line with WTI today, relatively worse performer. Today's range - $48.5-47.
- Brent-WTI spread is at $2.9/barrel.
- Brent is trading at $47.2/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural continuing its drop for fourth consecutive day. Today's range $2.45-2.4.
- Natural Gas is currently trading at $2.43/mmbtu. Immediate support lies at $2.5, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.
|
WTI |
-2.40% |
|
Brent |
-2.38% |
|
Natural Gas |
-4.97% |
