Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up today over risk-on sentiment. Today’s range $47.3 -48.2
   
• WTI is currently trading at $47.9/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is in up in line with WTI. Today’s range - $49.6-48.6
   
• Brent is trading at $1.4 per barrel premium to WTI.
   
• Brent is trading at $49.3/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is up after finding support around $2.7. Today’s range $2.77-2.84                                                                  
• Natural Gas is currently trading at $2.72/mmbtu. Immediate support lies at $2.4, $2.7 area & resistance at 2.95 and $3.1