Commodities snapshot (energy)

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

Oil (WTI) –

• WTI trying to crawl back some of yesterday’s loss. Today’s range $43.3-42.5

• WTI is currently trading at $43.2/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 - $45.2-44.3

• 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 and this week, back testing support around $2 area. Today’s range $2.09-1.99

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.18