Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down today but it has somewhat shrugged off Dollar strength. Today’s range $49.3 -47.9

• WTI is currently trading at $48.5/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is much worse performer than WTI this week.  Today’s range - $48-49.4

• Brent is at $ 0.1/barrel premium to WTI.
   
• Brent is trading at $48.6/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is gained after dropping below $2/mmbtu. Today’s range $2-2.08

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