Commodities snapshot (energy)

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

 

Oil (WTI) –

 

• WTI is marginally down going into FOMC minutes. Today’s range $48.6 -48

 

• WTI is currently trading at $48.2/barrel. Immediate support lies at $42.5 area and resistance at 49 area.

 

Oil (Brent) –

 

• Brent is down in line with WTI.  Today’s range - $48.8-49.6

 

• Brent is at $ 0.7/barrel premium to WTI.
   
• Brent is trading at $49 /barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

 

Natural Gas –   

 

• Natural gas is worst performer this week. Today’s range $2-2.06

                                                                                                                  

• Natural Gas is currently trading at $2.03/mmbtu. Immediate support lies at $2, $1.86 area & resistance at 2.3 and $2.48        

WTI	+4.33%
Brent	+2.51%
Natural Gas	-2.87%