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 - $50.7- $52
• WTI is currently trading at $51.7/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 - $59.5-61.2
• Brent is trading at $8.8 per barrel premium to WTI.
• Brent is trading at $60.5/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 $4.10 -$4.28
• Natural Gas is currently trading at $4.16/MMBtu. Immediate support lies at $4.1 area & resistance at $5.1