Commodities snapshot (energy)

Energy pack is up today over escalating violence in Middle East. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is up today after eight days of consecutive drop as France steps up its bombing raid against ISIS. Today's range $40.6-41.6
  
• However any major bounce back seem limited at this point.
  
  
• WTI is currently trading at $41.6/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Despite Brent being the benchmark of the region affected, WTI is better performer. Today's range - $45.2-44.4
  
  
• Brent-WTI spread dropped to $3.4/barrel from $4/barrel on Friday.
  
  
• Brent is trading at $45/barrel. Immediate support lies at $42 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is sharply up today, winter is finally seem to be making way to price. Sellers however, pushed back prices heading into New York session. Today's range $2.37-2.46

• Buy Natural gas @2.4, targeting $3.15/mmbtu and stop loss at $2.1/mmbtu.
  
• Natural Gas is currently trading at $2.39/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.