Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is riding on risk affinity today. IEA in its report today suggested oil may have bottomed. Today's range $39-37.9
  
  
• WTI is currently trading at $38.5/barrel. Immediate support lies at $32 area and resistance at $38, $44 area.

Oil (Brent) -

• Brent is up in line with WTI, marginally worse performer. Today's range - $40.2-41
  
  
• Brent is at $2.1 /barrel premium to WTI.
  
  
• Brent is trading at $40.6/barrel. Immediate support lies at $35 area and resistance at $45, $49 region.

Natural Gas -    

• Natural gas is best performer today and this week. Today's range $1.79 -1.85

• Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
  
• Natural Gas is currently trading at $1.84/mmbtu. Immediate support lies at $1.65 area & resistance at $2 and $2.3