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 - $61.7-$62.6
• WTI is currently trading at $62.1/barrel. Immediate support lies at $58 area and resistance at $64 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $68.3-67.7
• Brent is trading at $6.2 per barrel premium to WTI.
• Brent is trading at $68.1/barrel. Immediate support lies at $62 area and resistance at $70 region.

Natural Gas –   

• Natural gas remains down beat as bomb cyclone failed to deplete stocks more than expected and as winter end nears. Today’s range $2.82-2.92  
• Natural Gas is currently trading at $2.90/MMBtu. Immediate support lies at $2.75 area & resistance at and $2.96 and at $3.12

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest