Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is recovering as Hurricane Harvey clears. Today’s range $45.6 -47.4
• Active call – Buy targeting $56 per barrel
• WTI is currently trading at $47.2/barrel. Immediate support lies at $45 area and resistance at $52 area.

Oil (Brent) –

• Brent is underperforming WTI as Hurricane Harvey recedes. Today’s range - $50.5-52.2
• Brent is trading at $5 per barrel premium to WTI.
• Brent is trading at $52.2/barrel. Immediate support lies at $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is testing key resistance around $3 area. Hurricane Harvey is pushing prices higher. Today’s range $2.9-2.96
• Active Call -Bear trend would push it towards $2.52 per MMBtu
• Natural Gas is currently trading at $2.95/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.02   

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest