Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is marginally down heading into NFP report. Today’s range $49.4 -48.8

• WTI is currently trading at $48.9/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is recovered from post-OPEC selloffs, looking to challenge $50/barrel area. Today’s range - $50.3-49.7

• Brent is trading at 90 cents per 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 further, best performer this week. Next target area is $2.54. Today’s range $2.4-2.46

• Natural Gas is currently trading at $2.43/mmbtu. Immediate support lies at $2 area & resistance at 2.45 and $2.54