Commodities snapshot (energy)

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

Oil (WTI) –

• WTI hovering around $50 area. The key resistance lies around $52 area. Today’s range $49.9-50.7
• WTI is currently trading at $50.6/barrel. Immediate support lies at $46 area and resistance at $52 area.

Oil (Brent) –

• Brent is marginally worse performer than the WTI today. Today’s range - $52.7-53.7
• Brent is trading at $3 per barrel premium to WTI. Likely to widen further in the medium term.
• Brent is trading at $53.6/barrel. Immediate support lies at $49 area and resistance at $56 region.

Natural Gas –   

• Natural gas continues to race higher as it resumes long-term bull trend. Today’s range $3.11-3.27
• Natural Gas is currently trading at $3.25/mmbtu. Immediate support lies at $2.8 area & resistance at and $3.2