• Commodities snapshot (energy)

    Source: FxWire Pro - Commentary / 23 Jul 2018 06:47:44   America/New_York

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

    Oil (WTI) –

    • Oil price is recovering again after a long correction amid geopolitical tensions.  Today’s range - $67.9-$69.1
    • WTI is currently trading at $68.9/barrel. Immediate support lies at $67 area and resistance at $75 area.

    Oil (Brent) –

    • Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $72.7-74.3
    • Brent is trading at $5.1 per barrel premium to WTI.
    • Brent is trading at $74/barrel. Immediate support lies at $70 area and resistance at $79 region.

    Natural Gas –   

    • Natural gas likely to drop towards $2.5 area. Today’s range $2.72-$2.76
    • Natural Gas is currently trading at $2.73/MMBtu. Immediate support lies at $2.72 area & resistance at $2.92, $3.10

    WTI

            +0.88%

    Brent

             +1.23%

    Natural Gas

             -1.09%


               

     

     

     

     

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