Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is trying to challenge $50 resistance. Today’s range $49.3 -48.7

• WTI is currently trading at $49.2/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is trading above $50/barrel area. Today’s range - $50.3-49.7

• Brent is trading at $1 per barrel premium to WTI.
   
• Brent is trading at $20.2/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas rose further after sharp rise last week. Next target area is $2.54. Today’s range $2.38-2.48

• Natural Gas is currently trading at $2.42/mmbtu. Immediate support lies at $2 area & resistance at 2.45 and $2.54