Commodities snapshot (energy)

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

Oil (WTI) –

• WTI after finding support around $35 area, up for second consecutive day. Likely to find sellers around $37.8 area Today’s range $36.4-37.2

• 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 up in line with WTI today. Today’s range - $38.3-38.9

• Brent is at $ 1.8/barrel premium to WTI.
   
• Brent is trading at $38.7/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas has broken below key support around 1.92 area, likely to drop further. Today’s range $1.95 -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 $1.91/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3