Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is down to start off the week. Today's range $45.5-47
  
• Bears are likely to push towards $38/barrel area, since support at $43-44 cleared.
  
  
• WTI is currently trading at $46.2/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.

Oil (Brent) -

• Brent is worse performer than WTI today. Today's range - $48.3-50
  
  
• Brent-WTI spread trading at $2.7/barrel.
  
  
• Brent is trading at $48.9/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas -   

• Natural gas trading in back foot due to warmer winter. Today's range $2.18-2.34.
  
• Natural Gas is currently trading at $2.25/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.