Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down today as main pipeline to U.S. east coast shuts down. Today’s range $46.6 -47.3
• Active call – Buy targeting $56 per barrel
• WTI is currently trading at $46.7/barrel. Immediate support lies at $45 area and resistance at $52 area.

Oil (Brent) –

• Brent is us as Hurricane woe continues. Today’s range - $52.9-52.2
• Brent is trading at $5.7 per barrel premium to WTI.
• Brent is trading at $52.4/barrel. Immediate support lies at $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is up as Hurricane Harvey dries gasoline supplies. Today’s range $2.99-3.06
• Active Call -Bear trend would push it towards $2.52 per MMBtu
• Natural Gas is currently trading at $3.03/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.02 (testing)   

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