Markets

Energy Sector Update for 03/06/2018:

**Crude futures are treading around the new, higher consolidation range, taking its cue from DXY (trending lower) and share markets (trending higher).

**WTI (APR) -- $62.27/bbl; down 30 cents; session high/low - $63.28 - $62.41

**BRENT (MAY) - $65.47; down 11 cents; session high/low - $66.16 - $65.30

Monday's strong rally left a double bottom on WTI daily chart. Already probed above $63.25 (Fibo 76.4 per cent) and next key barrier - daily cloud top at $63.49.

Res: 62.86; 63.25; 63.49; 64.22

Sup: 62.34; 62.17; 61.69; 61.09

(courtesy S. Drvenica, Windsor)

(First Oil reports are produced by MT Newswires' global team of oil reporters. This story is also disseminated in real time to energy industry professionals via the First Oil Chat service on the ICE Instant Message application.)

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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