Commodities snapshot (energy)

Energy pack is having bad day today. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is weak today amid stronger dollar. Today's range $59.6-61
  
• Target for the downside is coming around $50-51/barrel if doji high is not taken out at $62.7. A break above could push prices as high as $70/barrel. $75/barrel remains next target.
  
  
• WTI is currently trading at $60/barrel. Immediate support lies at $56-54.6, $51.2-50 and resistance at $63-$65.

Oil (Brent) -

• Brent is worst performer as dollar bounced back Middle Eastern export remains at record in June. Today's range $64.6- 62.9.

• Brent-WTI spread lost 70 cents today, currently trading at $3.3/barrel.

• Target is coming around $55/barrel, if doji high is not taken out. A break would push it towards $80/barrel.

• Brent is trading at $64.4/barrel. Immediate support lies at 61.8-61.4 area and resistance at $ 70 region.

Natural Gas -

• Natural gas dropped further towards $2.7/mmbtu, after bulls failed to break above $2.95 resistance area.
            
• Natural gas bulls lost their touch, if price fail to close above $2.85 today, bears might push it beyond $2.45 and lower.
  
  
• Natural Gas is currently trading at $2.77/mmbtu. Immediate support lies at $2.45 area & resistance at $2.93, $3.04, $3.32.