Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is sharply down today, as Saudi Arabia’s deputy crown prince Mohammed bin Salman indicated that there may not be freeze without Iran and other countries. Today’s range $36.8-38.5

• Active call - Sell WTI at $39/barrel, with stop loss around $42/barrel and targets at $34 and $32/barrel.
   
• WTI is currently trading at $36.9/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $43.5, 49 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $38.6-40.5

• Brent is at $ 1.9/barrel premium to WTI.
   
• Brent is trading at $38.8/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas finding sellers after breaching $2 area yesterday. Today’s range $1.94 -1.99

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $1.96/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3