Commodities snapshot (energy)

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

Oil (WTI) –

• Oil price remains elevated over geopolitical tensions surrounding Iran. Today’s range - $60.1-$60.8
• WTI is currently trading at $60.3/barrel. Immediate support lies at $54 area and resistance at $60 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $66.5-67.3
• Brent is trading at $6.4 per barrel premium to WTI.
• Brent is trading at $66.7/barrel. Immediate support lies at $59 area and resistance at $65 region.

Natural Gas –   

• Natural gas recovered above $3 per MMBtu but bullish outlook clouded as winter end nears. Today’s range $2.91-3.06        
• Natural Gas is currently trading at $3.04/MMBtu. Immediate support lies at $2.56, $2.62 area & resistance at and $2.82

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