Commodities snapshot (energy)

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

Oil (WTI) –

• WTI traded above $50/barrel as inventory this week declined more than expected. Today’s range $50.2 -49.5

• WTI is currently trading at $49.7/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is also traded above $50/barrel.  Today’s range - $49.6-50.5

• Brent is at $ 0.1/barrel premium to WTI.
   
• Brent is trading at $49.8/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas rose once more from $2 support area. Up around 10% today. Today’s range $1.96-2.18

• Natural Gas is currently trading at $2.16/mmbtu. Immediate support lies at $1.86 area & resistance at 2.12 and $2.3