Commodities snapshot (energy)

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

Oil (WTI) –

• WTI has broken above $50 resistance. Today’s range $49.4 -50.4

• WTI is currently trading at $50.2/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent extended gains above $50/barrel area. Today’s range - $51.3-50.2

• Brent is trading at $0.9 per barrel premium to WTI.
   
• Brent is trading at $51.1/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas hovering at key resistance around $2.45, below key psychological $2.5 area. Next target area is $2.54. Today’s range $2.41-2.45

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