Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down to start off the week. Today’s range $48.5 -46

• WTI is currently trading at $47.8/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is down in line with WTI today.  Today’s range - $48.7-47.3

• Brent is at $ 0.4/barrel premium to WTI.
   
• Brent is trading at $48.2/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas rose sharply to start off the week. Today’s range $2.13-2.04

• Natural Gas is currently trading at $2.12/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48