Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is sliding again after a brief pause yesterday. This week, the benchmark is down around 5 percent. Today’s range $43.3-43.7
• WTI is currently trading at $43.4/barrel. Immediate support lies at $42 area and resistance at $50.2 area.

Oil (Brent) –

• Brent is down in line with WTI today much better performer this week. Today’s range - $46.4-45.9
• Brent is trading at $2.6 per barrel premium to WTI.
• Brent is trading at $46/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas lost grounds today but still the best performer of the week. We expect natural gas to go to $4.3 area. Today’s range $2.89-2.92                                                                 
• Natural Gas is currently trading at $2.905/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1