Commodities snapshot (energy)

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

Oil (WTI) –

• WTI shrugged off Doha failure and back to level prior to the meeting. Today’s range $39.5-40.6

• WTI is currently trading at $40.2/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 but better performer. Today’s range - $42.6-43.9

• Brent is at $ 3.4/barrel premium to WTI.
   
• Brent is trading at $43.6/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is best performer today, contrasting with oil. Today’s range $1.91 -2.03

• Active call – sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
             
• Natural Gas is currently trading at $2.02/mmbtu. Immediate support lies at $1.86 area & resistance at $2.07 and $2.18