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 OPEC members’ maintained status quo. Today’s range $49.5 -47.9

• WTI is currently trading at $48.2/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is down in line with Euro.  Today’s range - $50.3-48.8

• Brent is trading at 90 cents per barrel premium to WTI.
   
• Brent is trading at $49.1/barrel. Immediate support lies at $44, $40.5 area and resistance at $51, $54 region.

Natural Gas –   

• Natural gas broke above $2.3 key resistance, in for a big rise, will buy at dips, $2 area is the support now. It is marginally higher today. Next target areas are $2.45 and 42.54. Today’s range $2.41-2.36

• Natural Gas is currently trading at $2.38/mmbtu. Immediate support lies at $2 area & resistance at 2.45 and $2.54