Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down again today reversing the big rise last week. Today’s range $47.5-46.6
   
• WTI is currently trading at $46.8/barrel. Immediate support lies at $42 area and resistance at $50.2 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $48.4-49.2
   
• Brent is trading at $1.9 per barrel premium to WTI.
   
• Brent is trading at $48.7/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas is the best performer this week. We expect natural gas to go to $4.3 area. Today’s range $2.74-2.64 

• Natural Gas is currently trading at $2.7/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1