Commodities snapshot (energy)

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

Oil (WTI) –

• WTI is down as the market got hit by risk aversion. Today’s range $44.7-45.7
   
• WTI is currently trading at $45/barrel. Immediate support lies at $42 area and resistance at $50.2 area.

Oil (Brent) –

• Brent is down in line with WTI. Today’s range - $46.9-47.7
• Brent is trading at $2.1 per barrel premium to WTI.
   
• Brent is trading at $47.1/barrel. Immediate support lies at $45 area and resistance at $54 region.

Natural Gas –   

• Natural gas is the best performer of the day. We expect natural gas to go to $4.3 area. Today’s range $2.79-2.92                        

• Natural Gas is currently trading at $2.85/mmbtu. Immediate support lies at $2.4, $2.6 area & resistance at 2.95 and $3.1