Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down sharply ahead of NFP. Today’s range $43.5-44.6

• WTI is currently trading at $43.8/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $44.2-45.2

• Brent is at $ 0.7/barrel premium to WTI.
   
• Brent is trading at $44.5/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is heading to test $2 support. Today’s range $2.04-2.1

• Natural Gas is currently trading at $2.04/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48