Commodities snapshot (energy)

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

Oil (WTI) –

• The oil price has recovered on a weaker dollar after a decline triggered by Trump’s trade war threat. Today’s range - $63.3-$62.4
• WTI is currently trading at $63.1/barrel. Immediate support lies at $59 area and resistance at $65 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geo-political tension and OPEC agreement. Today’s range - $66.2-65.3
• Brent is trading at $2.9 per barrel premium to WTI.
• Brent is trading at $66/barrel. Immediate support lies at $62 area and resistance at $71 region.

Natural Gas –   

• Natural gas is continuing its recovery this week. Today’s range $2.69-2.74 
• Natural Gas is currently trading at $2.73/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90

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