Commodities snapshot (energy)

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

Oil (WTI) –

• WTI extending gains above $50 resistance. Today’s range $51.4 -50.3

• WTI is currently trading at $51.2/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is heading to test resistance around $54 area. Today’s range - $51.3-52.6

• Brent is trading at $1.2 per barrel premium to WTI.
   
• Brent is trading at $52.4/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas hovering below key psychological $2.5 area. Next target area is $2.54. Today’s range $2.51-2.45                                                                                                   
• Natural Gas is currently trading at $2.48/mmbtu. Immediate support lies at $2 area & resistance at 2.45 and $2.54