Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is sharply higher today but intraday swings persist. Today’s range $43-44.5

• WTI is currently trading at $44.3/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is best performer today.  Today’s range - $43.3-45.2

• Brent is at $ 0.7/barrel premium to WTI.
   
• Brent is trading at $45/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, but up today. Today’s range $2.08-2.17

• Natural Gas is currently trading at $2.15/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48