Commodities snapshot (energy)

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

Oil (WTI) :

• WTI is up today, riding on risk affinity. Today’s range $47.7 -46.5
   
• WTI is currently trading at $47.5/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) :

• Brent is up too but relatively weaker performer than WTI. Today’s range - $48.5-47.5
   
• Brent is trading at $0.7 per barrel premium to WTI.
   
• Brent is trading at $48.2/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas : 

• Natural gas is higher today, the best performer of the week. Today’s range $2.72-2.83                        
• Natural Gas is currently trading at $2.81/mmbtu. Immediate support lies at $2.1 area & resistance at 2.85 and $3.1