Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is up today, gaining on the spread against Brent. Today's range $33-34.1
  
  
• WTI is currently trading at $34/barrel. Immediate support lies at $28, area and resistance at $32, $34, $39 area.

Oil (Brent) -

• Brent rally stalled as Rosneft played down output cut. Today's range - $34.5-36.1
  
  
• Brent is at $1.7/barrel premium to WTI.
  
  
• Brent is trading at $35.3/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas is up sharply since yesterday. Today's range $2.21-2.30

• Active call - Buy Natural gas @2.2 and at dips with target around $3.72 and stop loss at 1.68
  
• Natural Gas is currently trading at $2.27/mmbtu. Immediate support lies at $2 area & resistance at $2.2, 2.32