Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is suffering another heavy drop today and heading towards $43 key support area. Today's range $44.9-43.9
  
  
• 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.
  
  
• Bears are pushing towards $38/barrel area, $43 support remains crucial.
  
  
• WTI is currently trading at $44.2/barrel. Immediate support lies at $43 area and resistance at $47.5 area.

Oil (Brent) -

• Brent is down in line with WTI today, relatively better performer. Today's range - $47.4-48.4
• Brent-WTI spread is trading at $3.6/barrel.
  
  
• Brent is trading at $47.8/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas -   

• Natural is dropping like stone. Stands as worst performer today Today's range $2.29-2.1.
  
• Natural Gas is currently trading at $2.11/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.