Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down again today as Dollar grows strong ahead of FOMC tomorrow. Today’s range $37.5-36
   
• WTI is currently trading at $36.4/barrel. Immediate support lies at $32, 34 area and resistance at $38, $44 area.

Oil (Brent) –

• Brent is much better performer than WTI today Today’s range - $39.8-38.3
   
• Brent is at $2.5 /barrel premium to WTI.
   
• Brent is trading at $38.9/barrel. Immediate support lies at $35, $37 area and resistance at $45, $49 region.

Natural Gas –    

• Natural gas is best performer today and this week. Today’s range $1.8 -1.9

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
              
• Natural Gas is currently trading at $1.88/mmbtu. Immediate support lies at $1.65 area & resistance at $2 and $2.3