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 as a report came out suggesting Saudi Arabia targeting $100 per barrel and thanks to geopolitical tensions. Today’s range - $68-$67.1
• WTI is currently trading at $67.9/barrel. Immediate support lies at $63 area and resistance at $69area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $74.5-75.3
• Brent is trading at $5.9 per barrel premium to WTI.
• Brent is trading at $73.8/barrel. Immediate support lies at $66 area and resistance at $74 region.

Natural Gas –   

• Natural gas is continuing its struggle as winter end arrives. Today’s range $2.75-2.80
• Natural Gas is currently trading at $2.76/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