Commodities snapshot (energy)

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

Oil (WTI) -

• WTI weaken further as tensions between Turkey and Russia failed to stir things in Middle East. Today's range $42.8-$41.8
  
  
• WTI is currently trading at $42.1/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Brent is relatively worse performer today. Today's range - $45.6 -44.8
• Brent-WTI spread rose by $0.1/barrel to $2.9/barrel.
  
  
• Brent is trading at $45/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is down today, as late winter keep weighing on price. Today's range $2.26-2.2

• 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 $2.21/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.