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, after 7% rise yesterday. Today’s range $43.6-44.5

• WTI is currently trading at $43.8/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $45, 49 area.

Oil (Brent) –

• Brent is marginally better performer than WTI. Today’s range - $42.8-44

• Brent is at $ 1.7/barrel premium to WTI.
   
• Brent is trading at $45.5/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas is down today but still up for the week. Today’s range $2.11-2.05

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