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 increase exposure to risky assets and trying to gain ground after yesterday’s heavy losses. Today’s range $48.9 -50
   
• WTI is currently trading at $49.9/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is up in line with WTI. Today’s range - $49.8-50.9
   
• Brent is trading at $0.9 per barrel premium to WTI.
   
• Brent is trading at $50.8/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is flat after yesterday’s selloffs. Best performer in energy group Today’s range $2.72-2.78                                        
• Natural Gas is currently trading at $2.77/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1