Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down as investors scale back exposure to risky assets. Today’s range $49.98 -49.1
   
• WTI is currently trading at $49.1/barrel. Immediate support lies at $44.5, $48.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is down and marginally worse performer than WTI. Today’s range - $50.5-49.5
   
• Brent is trading at $1.5 per barrel premium to WTI.
   
• Brent is trading at $50.6/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is down after big rise yesterday. Today’s range $2.7-2.75                                                                            
• Natural Gas is currently trading at $2.72/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1