Commodities snapshot (energy)

Energy pack is mixed in today's trading. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is suffering another heavy drop today and broke below $43 key support area. Today's range $42.6-43.9
  
• Bears are likely to push towards $38/barrel area, since support at $43-44 cleared.
  
  
• WTI is currently trading at $43/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 - $46.4-47.6
  
  
• Brent-WTI spread is trading rose from $3.6/barrel to $3.7/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 gas recovered sharply and up for the day after breaking below $2 for first time since 2012. Today's range $2.12-1.94.
  
• Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.