Commodities snapshot (energy)

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

Oil (WTI) –

• WTI dropped sharply as Doha agreement to freeze production failed. Today’s range $37.6-40.5

• WTI is currently trading at $38.8/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 but better performer. Today’s range - $40.5-43.1

• Brent is at $ 2.8/barrel premium to WTI.
   
• Brent is trading at $41.6/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is up today, contrasting with oil. Today’s range $1.87 -1.94

• 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