Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down today as higher production from OPEC continues to take toll. Today’s range $44.1-45.4

• WTI is currently trading at $44.4/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

Oil (Brent) –

• Brent is down but relatively better performer than WTI. Today’s range - $46.4-45.2

• Brent is at $ 1.2/barrel premium to WTI.
   
• Brent is trading at $45.6/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas is up today, contrasting with oil. Today’s range $2.04-2.1

• Natural Gas is currently trading at $2.08/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48