Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is continuing its downside as expected. Active call – WTI is likely to drop towards $35 area. Today’s range $45.3 -43.7
   
• WTI is currently trading at $45.1/barrel. Immediate support lies at $44.5 area and resistance at 54 area.

Oil (Brent) –

• Brent is in down in line with WTI. Today’s range - $46.6-45
   
• Brent is trading at $1.3 per barrel premium to WTI.
   
• Brent is trading at $46.4/barrel. Immediate support lies at $44 area and resistance at $54 region.

Natural Gas –   

• Natural gas is rising after support around $2.7 last week. Today’s range $2.81-2.87                      
• Natural Gas is currently trading at $2.84/mmbtu. Immediate support lies at $2.4, $2.7 area & resistance at 2.95 and $3.1