Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is again trading in green today, however, $43 likely to pose as tough resistance. Today’s range $42.3-40.9

• WTI is currently trading at $41.9/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $43.5, 49 area.

Oil (Brent) –

• Brent is worst performer today as Kuwait strike ends, bringing supply back in the market. Today’s range - $42.8-44

• Brent is at $ 1.7/barrel premium to WTI.
   
• Brent is trading at $43.6/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is best performer this week. Today’s range $2.14-2.07

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2.12/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.18