Commodities snapshot (energy)

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

Oil (WTI) –

• WTI rose sharply after finding support around $35/barrel area, amid weaker Dollar. Today’s range $39.3-37.4

• Active call - Sell WTI at $39/barrel, with stop loss around $43/barrel and targets at $34 and $32/barrel.
   
• WTI is currently trading at $39.2/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $43.5, 49 area.

Oil (Brent) –

• Brent is up in line with WTI today. Today’s range - $39.3-40.3

• Brent is at $ 2/barrel premium to WTI.
   
• Brent is trading at $41.2/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is comfortably trading above $2 area. Today’s range $2 -2.05

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2.02/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3