Commodities Snapshot (energy)

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

Oil (WTI) –

• WTI gained further ground and on its way to test $50 resistance. Today’s range $46.6-45.6

• WTI is currently trading at $46.3/barrel. Immediate support lies at $32.8, 36.5 area and resistance at $45, 49 area.

Oil (Brent) –

• Brent is up but worse performer than WTI. Today’s range – $48.2-47.3

• Brent is at $ 1.6/barrel premium to WTI.
  
   


• Brent is trading at $47.9/barrel. Immediate support lies at $38.5, $35.4 area and resistance at $47, $52 region.

Natural Gas –   

• Natural gas worst performer this week. Today’s range $2.04-2.1

                                                                                                                  

• Natural Gas is currently trading at $2.7/mmbtu. Immediate support lies at $1.86 area & resistance at 2.3 and $2.23   

           

Published: 2016-04-29 13:02:00 UTC+00

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