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 and Venezuela. Today’s range - $63.4-$64.1
• WTI is currently trading at $63.8/barrel. Immediate support lies at $58 area and resistance at $64 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $68.9-69.6
• Brent is trading at $5.4 per barrel premium to WTI.
• Brent is trading at $69.2/barrel. Immediate support lies at $62 area and resistance at $70 region.

Natural Gas –   

• Natural gas remains downbeat as bomb cyclone failed to deplete stocks more than expected and as winter end nears. Today’s range $2.99-2.88  
• Natural Gas is currently trading at $2.98/MMBtu. Immediate support lies at $2.89 area & resistance at and $3.07 and at $3.12

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