Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is sharply down today. Saudi-Iran tension means supply glut to stay in 2016, at least from unless greater turmoil takes place. Today's range $36.4-34.5
  
  
• WTI is currently trading at $34.6/barrel. Immediate support lies at $32, $34.7 area and resistance at $39.1, $42, $43.6 area.

Oil (Brent) -

• Brent is worse performer than WTI over fading Middle East tensions. Today's range - $36.7-34.5
  
  
• Brent-WTI spread is at 10 cents per barrel.
  
  
• Brent is trading at $37.1/barrel. Immediate support lies at $34, $36 area and resistance at $38.5, $41.5, $45, $47 region.

Natural Gas -   

• Natural gas gave up earlier gains and moved into red as winter remains weak. Today's range $2.28-2.36
  
• Natural Gas is currently trading at $2.32/mmbtu. Immediate support lies at $1.66 area & resistance at $1.98, $2.1, $2.3