Commodities snapshot (energy)

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

Oil (WTI) 

• WTI is up today as buyers remain strong around $40 area. Today's range $40.5-42.1
   
• WTI is currently trading at $41.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent)

• Brent is up in line with WTI, not much of a mover today. Today's range - $44 - $44.7
   
• Brent-WTI spread dropped to $3.8/barrel from $3.9/barrel last night.
   
• Brent is trading at $44.6/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas  

• Natural gas is sharply down, bears are pushing to test recent low as winter remains pretty late and weak. Today's range $2.28-2.2

• EIA report showed, inventory rose by 15 billion cubic feet to record 4 trillion cubic feet, all-time record.

• Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu.
• Natural Gas is currently trading at $2.2/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.