Commodities snapshot (energy)

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

Oil (WTI) -

• WTI gave up all of its gains, which was as much as 6% and now fallen to red as agreement to freeze production by Saudi Arabia and Russia fell short of market expectations. Today's range $28.8-31.5
  
  
• WTI is currently trading at $29/barrel. Immediate support lies at $24, area and resistance at $30, $32, $39 area.

Oil (Brent) -

• Brent is relatively worse performer than WTI today. Today's range - $32.8-34
  
  
• Brent is at $4 /barrel premium to WTI.
  
  
• Brent is trading at $32.9/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas dropped further. Today's range $1.88 -1.94

• Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
  
• Natural Gas is currently trading at $1.89/mmbtu. Immediate support lies at $1.7 area & resistance at $2 and $2.3