Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is down over stronger Dollar. Today’s range $51.7 -50.2

• WTI is currently trading at $50.5/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $51.5-52.8

• Brent is trading at $1.3 per barrel premium to WTI.
   
• Brent is trading at $51.8/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 $2.49-2.44                                                                                                
• Natural Gas is currently trading at $2.46/mmbtu. Immediate support lies at $2 area & resistance at 2.45 and $2.54