Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up again today, riding on risk affinity. Today’s range $48.6 -48
   
• WTI is currently trading at $48.2/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is up too but relatively weaker performer than WTI. Today’s range - $48.6-49.3
   
• Brent is trading at $0.5 per barrel premium to WTI.
   
• Brent is trading at $48.7/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is higher today, the best performer of the week. Today’s range $2.97-2.86                     
• Natural Gas is currently trading at $2.92/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1