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Thread: OIL

  1. #21
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    Oil Technical Levels - 10.04.2017

    Oil (WTI)
    WTI is racing higher as it cleared crucial resistance around $52 area on Syria airstrikes. Today’s range $52.3-53
    WTI is currently trading at $52.8/barrel. Immediate support lies at $49 area and resistance at $54 area.

    Oil (Brent)
    Brent is up in line with the WTI. Brent is testing key resistance. Today’s range - $55.2-56
    Brent is trading at $3.1 per barrel premium to WTI. Likely to widen further in the medium term.
    Brent is trading at $55.9/barrel. Immediate support lies at $49 area and resistance at $56 region.

  2. #22
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    Oil Technical Levels - 11.04.2017

    Oil (WTI)
    WTI is flat for the day but as it cleared crucial resistance around $52 area on Syria airstrikes, it is grinding higher. Today’s range $52.8-53.3
    WTI is currently trading at $53.1/barrel. Immediate support lies at $49 area and resistance at $54 area.

    Oil (Brent)
    Brent is up in line with the WTI. Brent is testing key resistance area. Today’s range - $55.7-56.2
    Brent is trading at $2.9 per barrel premium to WTI. Likely to widen further in the medium term.
    Brent is trading at $56/barrel. Immediate support lies at $49 area and resistance at $56 region.

  3. #23
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    Oil Technical Levels - 12.04.2017

    Oil (WTI)
    WTI is grinding higher on geopolitical tensions. Today’s range $53.8-53.3
    WTI is currently trading at $53.6/barrel. Immediate support lies at $49 area and resistance at $54 area.

    Oil (Brent)
    Brent is up in line with the WTI. Brent is testing key resistance area. Today’s range - $56.7-56.2
    Brent is trading at $2.9 per barrel premium to WTI. Likely to widen further in the medium term.
    Brent is trading at $56.5/barrel. Immediate support lies at $52 area and resistance at $59 region.

 

 
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