Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is up riding on risk aversion in Middle East as Turkey shoots down Russian fighter jet over border violation. Today's range $41.8-43.5
  
  
• WTI is currently trading at $42.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Russia Turkey collision and Putin's verbal rebuke led to sharp rise in Brent. Today's range - $44.9-46.5
  
  
• Brent-WTI spread flat at $3.2/barrel.
  
  
• Brent is trading at $46/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is down today after yesterday's big rise. Today's range $2.12-2.22

• 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 $2.16/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.