Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up today as the dollar retraced. Today’s range $43.2-44
• WTI is currently trading at $43.6/barrel. Immediate support lies at $42 area and resistance at $50.2 area.

Oil (Brent) –

• Brent is up in line with WTI. Today’s range - $46.6-45.1
• Brent is trading at $2.8 per barrel premium to WTI.
• Brent is trading at $46.4/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas is the worst performer of the day, struggling at key resistance around $2.95 area. We expect natural gas to go to $4.3 area. Today’s range $2.88-2.95                                    
• Natural Gas is currently trading at $2.905/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1