Commodities snapshot (energy)

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

Oil (WTI) –

• WTI recovered from earlier loss and again up for today. Today’s range $39.2-40.5

• Active call - Sell WTI at $39/barrel, with stop loss around $43/barrel and targets at $34 and $32/barrel.
   
• WTI is currently trading at $40.1/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 - $41.4-42.5

• Brent is at $ 2.3/barrel premium to WTI.
   
• Brent is trading at $42.4/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is down sharply today, contrasting with oil. Today’s range $2 -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 $1.92/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3