Commodities snapshot (energy)

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

Oil (WTI) –

• Oil price remains elevated over geopolitical tensions surrounding Iran and Venezuela and as inventories slide Today’s range - $64-$63.3
• WTI is currently trading at $63.6/barrel. Immediate support lies at $62 area and resistance at $66 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $68.5-69.4
• Brent is trading at $5.3 per barrel premium to WTI.
• Brent is trading at $68.9/barrel. Immediate support lies at $62 area and resistance at $70 region.

Natural Gas –   

• Natural gas recovered the earlier loss and now up for the week. Today’s range $3.09-3.20      
• Natural Gas is currently trading at $3.20/MMBtu. Immediate support lies at $2.89 area & resistance at and $3.21 and at $3.12

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