Commodities snapshot (energy)

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

Oil (WTI) –

• Oil price is recovering today after big selloffs over the last two months. Today’s range - $51.1- $52.1
• WTI is currently trading at $51.9/barrel. Immediate support lies at $45 area and resistance at $55 area.

Oil (Brent) –

• Brent remains elevated over WTI due to higher demand, geopolitical tension and OPEC agreement. Today’s range - $58.9-60.8
• Brent is trading at $8.7 per barrel premium to WTI.
• Brent is trading at $60.6/barrel. Immediate support lies at $57 area and resistance at $63 region.

Natural Gas –   

• The natural gas price moving lower as weather condition improves.  Today’s range $3.98 -$4.31
• Natural Gas is currently trading at $4.17/MMBtu. Immediate support lies at $4.3 area & resistance at $5.44