Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is marginally lower on low volatility day as U.S is closed for Independence Day. Today’s range $49.3 -48.8
   
• WTI is currently trading at $48.9/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $50.2-50.7
   
• Brent is trading at $1.4 per barrel premium to WTI.
   
• Brent is trading at $50.3/barrel. Immediate support lies at $44, $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is worst performer today but the drop is largely due to profit bookings. Today’s range $2.98-2.87                                                                
• Natural Gas is currently trading at $2.9/mmbtu. Immediate support lies at $2.4 area & resistance at 2.85 and $3.1