Commodities snapshot (energy)

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

Oil (WTI) -

• WTI started the week in red and WTI is now once again falling back below $30/barrel area. Today's range $30-31.4
  
  
• WTI is currently trading at $30.2/barrel. Immediate support lies at $28, area and resistance at $32, $34, $39 area.

Oil (Brent) -

• Brent is relatively better performer than WTI today. Today's range - $34.7-33.2
  
  
• Brent is at $3.3/barrel premium to WTI. Further widening possible.
  
  
• Brent is trading at $33.5/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas rising from support in psychological $2 area, best performer today. Today's range $1.97-2.08

• 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 $2.14/mmbtu. Immediate support lies at $2 area & resistance at $2.2, 2.32