Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down for fifth consecutive days as Dollar strength continues to pose challenges. Today’s range $39.5-38.5
   
• WTI is currently trading at $38.6/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $43.5, 49 area.

Oil (Brent) –

• Brent is down in line with WTI. Brent is likely to be stronger than WTI over next one month. Today’s range - $39.2-40.3

• Brent is at $ 0.8/barrel premium to WTI.
   
• Brent is trading at $39.4/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is up today and best performer this week. Today’s range $1.85 -1.95

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $1.92/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3