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 - EconoTimes)
Energy pack is trading in green today. Weekly performance at a glance in chart & table.
Oil (WTI) -
- WTI has broken the triangular congestion on the upside suggesting further rise in prices. Today's range $45.7-48.6
- WTI might gain towards $55/barrel
- WTI is currently trading at $46.3/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, but much better performer. Today's range - $48.8-52
- Brent-WTI spread gained to $3.4/barrel from $3/barrel.
- Brent is trading at $51.7/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.
Natural Gas -
- Natural gas is marginally up compared to oil. Today's range $2.43-2.49.
- Natural Gas is currently trading at $2.45/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.
|
WTI |
+5.87% |
|
Brent |
+7.28% |
|
Natural Gas |
+0.24% |
