Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is marginally lower on stronger dollar. Today’s range $47.5 -48.8
   
• WTI is currently trading at $47.6/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is in bigger decline compared to WTI. Today’s range - $50.1-48.7
   
• Brent is trading at $1.3 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 this week but down largely on profit bookings. Today’s range $2.94-2.84

• Natural Gas is currently trading at $2.86/mmbtu. Immediate support lies at $2.4 area & resistance at 2.85 and $3.1