Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is sharply down as Dollar recovers over FOMC minutes. Today’s range $48.1 -47

• WTI is currently trading at $47.1/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 - $48.8-47.4

• Brent is at $ 0.5/barrel premium to WTI.
   
• Brent is trading at $47.6/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is up today after dropping below $2/mmbtu. Today’s range $1.97-2.03

• Natural Gas is currently trading at $2.01/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48