Commodities snapshot (energy)

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

Oil (WTI) –

• WTI gained further ground and on its way to test $50 resistance. Today’s range $46.6-45.6

• WTI is currently trading at $46.3/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $45, 49 area.

Oil (Brent) –

• Brent is up but worse performer than WTI. Today’s range - $48.2-47.3

• Brent is at $ 1.6/barrel premium to WTI.
   
• Brent is trading at $47.9/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas worst performer this week. Today’s range $2.04-2.1

• Natural Gas is currently trading at $2.7/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.23