Commodities snapshot (energy)

Energy pack is mixed, while gas is up, oil is trading in red. Weekly performance at a glance in chart & table.

Oil (WTI) 

• WTI is sharply down today as global inventory closes in on record $3 billion. Today's range $44-46
   
• WTI is currently trading at $40.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) 

• Brent is much better performer than WTI today. Today's range - $42.2-40.3
   
• Brent-WTI spread rose from $2.8/barrel to $4/barrel.
   
• Brent is trading at $44.8/barrel. Immediate support lies at $42 area and resistance at $48, $50.5, 54 region.

Natural Gas 

• Natural gas is sharply up today. Today's range $2.22-2.31
• Natural Gas is currently trading at $2.34/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.