Commodities Snapshot (Energy)

Energy pack is mixed, while oil is up, gas is in red. Weekly performance at a glance in chart & table. Oil (WTI) - WTI traded in high volatility today as Iran deal was reached. WTI traded as low as $50.9/barrel but bounced back sharply to trade as high as 53.4 as Iran sanctions remain in place. WTI facing resistance around $54 area. Today's range $53.2-51.2 WTI is currently trading at $52.9/barrel. Immediate support lies at $51.2-50 and resistance at $54 Oil (Brent) - Iran accord pushed Brent to trade as low as $56.4, however bounced back on no sanctions removal. Brent-WTI spread dropped 40 cents today, currently trading at $5.4/barrel. Target is reached around $55/barrel, and next target is around $51/barrel. Brent is trading at $58/barrel. Immediate support lies at $55 area and resistance at $59/60 region. Natural Gas - Natural gas bulls pushed higher to test resistance around $2.95/mmbtu. Bulls are in control, however bears still remain strong around the above mentioned level. Bullish Doji, in weekly chart remains in focus. Natural Gas is currently trading at $2.85/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.93, $3.04, $3.32. WTI -0.27% Brent -1.24% Natural Gas +2.19% Source : FX-Primus #FX #Forex #SaleForex #CommoditiesSnapshot #Energy #WTI #Brent #NaturalGas #OilPrices