Commodities snapshot (energy)

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

Oil (WTI) –

• WTI continuing the bull run on OPEC production freeze optimism. Today’s range $47.6-46.6
   
• WTI is currently trading at $47.5/barrel. Immediate support lies at $40 area and resistance at $50.2 area.

Oil (Brent) –

• Brent crossed above $50 per barrel today. Today’s range - $50.3-49.5
   
• Brent is trading at $2.7 per barrel premium to WTI.
   
• Brent is trading at $50.2/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas remains the worst performer of the week. We expect natural gas to go down around $2.4 area, before it goes to $4.3 area. Today’s range $2.64-2.6     

• Natural Gas is currently trading at $2.62/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1