Commodities snapshot (energy)

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

Oil (WTI) –

• WTI rose sharply as wildfires threaten Canadian oil production but given up gains heading into New York session. Today’s range $46-44.6

• WTI is currently trading at $44.6/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is marginally down for the day.  Today’s range - $47.4-45.1

• Brent is at $ 0.6/barrel premium to WTI.
   
• Brent is trading at $45.2/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, marginally higher today. Today’s range $2.07-2.15

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