Commodities snapshot (energy)

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

Oil (WTI) –

• WTI reached new 2016 highs, heading into FOMC later today. Today’s range $44.4-45.1

• WTI is currently trading at $44.8/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $45, 49 area.

Oil (Brent) –

• Brent is up in line with WTI, marginally better performer. Today’s range - $45.2-44.3

• Brent is at $ 1.9/barrel premium to WTI.
   
• Brent is trading at $45.4/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas rose sharply and recovered loss made earlier this week, after finding support around $2 area. Today’s range $2.09-1.99

• Natural Gas is currently trading at $2.2/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.23