Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up after declining yesterday. Today’s range $48.6 -47.6

• WTI is currently trading at $48.5/barrel. Immediate support lies at $44.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is up but relatively worse performer than WTI today.  Today’s range - $48.8-47.8

• Brent is at $ 0.1/barrel premium to WTI.
   
• Brent is trading at $48.7/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas dropped sharply to $2 support area, further decline likely. Today’s range $2.09-2.01

• Natural Gas is currently trading at $2.02/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48