Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up after six days of consecutive decline. Today’s range $45.8 -47.4

• WTI is currently trading at $47.2/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is up and better performer than WTI. Today’s range - $48.6-47

• Brent is trading at $1.2 per barrel premium to WTI.
   
• Brent is trading at $48.4/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas best performer this week but flat today. Today’s range $2.59-2.55

• Natural Gas is currently trading at $2.58/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1