Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is marginally down today. Today’s range $45.4-44.8
• WTI is currently trading at $44.9/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 - $47-47.5
• Brent is trading at $2.2 per barrel premium to WTI.
• Brent is trading at $47.1/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas is the best performer of the day and the week. We expect natural gas to go to $4.3 area. Today’s range $2.89-2.98   
• Natural Gas is currently trading at $2.97/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1