Commodities snapshot (energy)

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

Oil (WTI) –

• Oil price is down sharply from key resistance as inventories rose. Today’s range - $64.4-$63.7
• WTI is currently trading at $63.8/barrel. Immediate support lies at $59 area and resistance at $65 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $68.3-70
• Brent is trading at $4.7 per barrel premium to WTI.
• Brent is trading at $68.5/barrel. Immediate support lies at $62 area and resistance at $71 region.

Natural Gas –   

• Natural gas is down this week. Today’s range $2.66-2.77
• Natural Gas is currently trading at $2.67/MMBtu. Immediate support lies at $2.45 area & resistance at $2.78, and $2.90

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