Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down over stronger Dollar and profit bookings. Today’s range $48.7 -49.5

• WTI is currently trading at $49.3/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent retraced too.  Today’s range - $49.6-48.7

• Brent is at par with WTI.
   
• Brent is trading at $49.3/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is best performer of the week, as $2 support area, stronger than expected. 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