Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is marginally down after yesterday's heavy price recovery. Today's range $46.6-47.5
  
• 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 $46.8/barrel. Immediate support lies at $43 area and resistance at $54 area.

Oil (Brent) -

• Brent is down in line with WTI today, relatively worse performer since yesterday. Today's range - $49.7-50.5
  
  
• Brent-WTI spread dropped to $3.1/barrel from $3.5/barrel.
  
  
• Brent is trading at $49.9/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -   

• Natural gas is continuing its fall after yesterday's data showed higher than expected inventory of 100 billion cubic feet. Today's range $2.47-2.4.
  
• Natural Gas is currently trading at $2.42/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.