Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down sharply on stronger Dollar today. Today’s range $38.8-36.7
   
• WTI is currently trading at $36.8/barrel. Immediate support lies at $32 area and resistance at $38, $44 area.

Oil (Brent) –

• Brent is down in line with WTI, relatively better performer. Today’s range - $40.5-38.8
   
• Brent is at $2.3 /barrel premium to WTI.
   
• Brent is trading at $39.1/barrel. Immediate support lies at $35 area and resistance at $45, $49 region.

Natural Gas –    

• Natural gas is best performer today. Today’s range $1.77 -1.85

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
              
• Natural Gas is currently trading at $1.83/mmbtu. Immediate support lies at $1.65 area & resistance at $2 and $2.3