Commodities snapshot (energy)

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

Oil (WTI):

• WTI is up as investors pick up risky assets. Today’s range $46 -49.1
   
• WTI is currently trading at $49/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent):

• Brent is up and marginally better performer than WTI. Today’s range - $50.4-47.3
   
• Brent is trading at $1.3 per barrel premium to WTI.
   
• Brent is trading at $50.3/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas:   

• Natural gas started the week in positive footings. Today’s range $2.68-2.65                                                     
• Natural Gas is currently trading at $2.66/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1