Commodities snapshot (energy)

Energy pack is trading in red today. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is down as API report showed inventory surplus of 9.3 million barrels. Today's range $45.6-46.6
  
• Active call - Buy WTI with targets
  around $53.6. $55.5 and $69 with stop around $43 for first two targets and $37.5 for the last.
  
  
• WTI is currently trading at $45.7/barrel. Immediate support lies at $43 area and resistance at $54 area.

Oil (Brent) -

• Brent is down in line with WTI today, much better performer. Today's range - $49.4-50.7
  
  
• Brent-WTI spread rise from $2.7/barrel to $3.5/barrel.
  
  
• Brent is trading at $49.2/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -   

• Natural gas is dropped today after yesterday's gains. Today's range $2.58-2.48.
  
• Natural Gas is currently trading at $2.5/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.