Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is up this week as hurricane effect slowly fades. Today’s range $47.7 -48.5
• Active call – Buy targeting $56 per barrel
• WTI is currently trading at $48.2/barrel. Immediate support lies at $45 area and resistance at $52 area.

Oil (Brent) –

• Brent remains elevated over greater demand compared to WTI. Today’s range - $54.4-53.4
• Brent is trading at $6 per barrel premium to WTI.
• Brent is trading at $54.2/barrel. Immediate support lies at $48 area and resistance at $54 region.

Natural Gas –   

• Natural gas is up today after finding support around $287 area. Today’s range $2.98-2.93
• Active Call -Bear trend would push it towards $2.52 per MMBtu
• Natural Gas is currently trading at $2.98/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.02 (testing)   

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