Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is marginally lower, awaiting the EIA report. Today’s range $41.2-41.9

• WTI is currently trading at $41.6/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $43.5, 49 area.

Oil (Brent) –

• Brent is marginally higher today after yesterday’s big gains. Today’s range - $43.7-44.6

• Brent is at $ 2.6/barrel premium to WTI.
   
• Brent is trading at $44.2/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is upsharply today, contrasting with oil. Today’s range $2 -2.05

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2.03/mmbtu. Immediate support lies at $1.75 area & resistance at $2 and $2.3