Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down over risk aversion and strength in Dollar. Today’s range $46.5-45.8

• WTI is currently trading at $46.3/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is down but relatively better performer than WTI.  Today’s range - $48.1-47.2

• Brent is at $ 1.4/barrel premium to WTI.
   
• Brent is trading at $47.7/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is worst performer today, and this week. Today’s range $2.15-2.07

• Natural Gas is currently trading at $2.08/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48