Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is down as Middle East momentum faded amid supply surplus. Today's range $42.2-$41.1
   
• WTI is currently trading at $41.5/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Brent is relatively better performer today. Today's range - $45.2 -44
• Brent-WTI spread at $2.9/barrel.
   
• Brent is trading at $44.4/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is down today. Today's range $2.26-2.18

• 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.