Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is flat for the day. Today’s range $49.1 -49.6

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

Oil (Brent) –

• Brent is marginally down.  Today’s range - $49.6-49

• Brent is at $0.1/barrel discount to WTI.
   
• Brent is trading at $49.2/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is down today after big gain last week. Today’s range $2.14-2.18

• Natural Gas is currently trading at $2.15/mmbtu. Immediate support lies at $1.86, $2 area & resistance at 2.21 and $2.3