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 $48.1 -48.8
• Active call – Buy targeting $56 per barrel
• WTI is currently trading at $48.6/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 - $54.8-54
• Brent is trading at $6 per barrel premium to WTI.
• Brent is trading at $54.6/barrel. Immediate support lies at $51 area and resistance at $56 region.

Natural Gas –   

• Natural gas is up this week after finding support around $2.87 area and heading for another test of key resistance around $3.12 area. Today’s range $2.98-3.07
• Active Call -Bear trend would push it towards $2.52 per MMBtu
• Natural Gas is currently trading at $3.06/MMBtu. Immediate support lies at $2.87 area & resistance at and $3.12

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