Commodities snapshot (energy)

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

Oil (WTI) –

• WTI started the week in back foot after big rise last week but recovered ground after initial slump. Today’s range $44-42.8

• WTI is currently trading at $43.9/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $45, 49 area.

Oil (Brent) –

• Brent is up in line with WTI. Today’s range - $45.6-44.2

• Brent is at $ 1.6/barrel premium to WTI.
   
• Brent is trading at $45.4/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is worst performer today. Today’s range $2.09-2.18

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.18