Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is lower heading into crucial weekend. OPEC and non-OPEC producers are set to meet over the weekend on oil freeze. Today’s range $41.8-40.2

• WTI is currently trading at $40.6/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’s range - $42.5-44.1

• Brent is at $ 2.3/barrel premium to WTI.
   
• Brent is trading at $42.9/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is down today, worst performer this week. Today’s range $1.88 -1.98

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $1.90/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3