Commodities snapshot (energy)

Energy pack is mixed 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 and as inventories slide. Today’s range - $63.2-$63.6
• WTI is currently trading at $63.2/barrel. Immediate support lies at $62 area and resistance at $66 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $69-68.4
• Brent is trading at $5.3 per barrel premium to WTI.
• Brent is trading at $68.5/barrel. Immediate support lies at $67 area and resistance at $72 region.

Natural Gas –   

• Natural gas remains upbeat on a sharper slid I inventories. Today’s range $3.18-3.27         
• Natural Gas is currently trading at $3.21/MMBtu. Immediate support lies at $2.89, $2.98 area & resistance at and $3.21 and at $3.35

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