Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is higher this week over Kurdistan and Iraq conflict, as well as OPEC optimism. Today’s range $51.9 -52.3
• Active call – Buy targeting $56 per barrel
• WTI is currently trading at $52.2/barrel. Immediate support lies at $49 area and resistance at $53 area.

Oil (Brent) –

• Brent is up in line with WTI today but remains elevated over higher demand. Today’s range - $58.1-58.6
• Brent is trading at $6.3 per barrel premium to WTI.
• Brent is trading at $58.5/barrel. Immediate support lies at $54 area and resistance at $59 region.

Natural Gas –   

• Natural gas continuing its consolidation between $2.87 and $3.1. Today’s range $2.89-2.94
• Natural Gas is currently trading at $2.91/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12

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