Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down today as higher production in OPEC continues to take toll. Today’s range $46-45.4

• WTI is currently trading at $45.9/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent has been hit harder than WTI, over higher OPEC production. Today’s range - $46.6-47.5

• Brent is at $ 1.2/barrel premium to WTI.
   
• Brent is trading at $47.1/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas worst performer today. Today’s range $2.17-2.1

• Natural Gas is currently trading at $2.1/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48