Commodities snapshot (energy)

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

Oil (WTI) –

• Oil price remains elevated as report came out suggesting Saudi Arabia targeting $100 per barrel. Today’s range - $68.5-$67.8
• WTI is currently trading at $68.3/barrel. Immediate support lies at $63 area and resistance at $69area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $73.5-74.2
• Brent is trading at $5.8 per barrel premium to WTI.
• Brent is trading at $74.1/barrel. Immediate support lies at $66 area and resistance at $74 region.

Natural Gas –   

• Natural gas is continuing its struggle as winter end arrives. Today’s range $2.72-2.76
• Natural Gas is currently trading at $2.73/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90

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