Commodities snapshot (energy)

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

Oil (WTI) :

• WTI is down today as concerns surface over higher inventories. Today’s range $49.6 -49.1
   
• WTI is currently trading at $49.4/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) :

• Brent is down too but relatively weaker performer than WTI. Today’s range - $48.6-49.3
   
• Brent is trading at $1.4 per barrel premium to WTI.
   
• Brent is trading at $50.7/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas :

• Natural gas is flat today, the best performer of the week. Today’s range $2.97-2.86                        
• Natural Gas is currently trading at $2.87/mmbtu. Immediate support lies at $2.4 area & resistance at 2.85 and $3.1