Commodities snapshot (energy)

Energy pack is mixed, while oil is up, gas is in red. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI traded in high volatility today as Iran deal was reached. WTI traded as low as $50.9/barrel but bounced back sharply to trade as high as 53.4 as Iran sanctions remain in place.
  
• WTI facing resistance around $54 area. Today's range $53.2-51.2
  
• WTI is currently trading at $52.9/barrel. Immediate support lies at $51.2-50 and resistance at $54

Oil (Brent) -

• Iran accord pushed Brent to trade as low as $56.4, however bounced back on no sanctions removal.

• Brent-WTI spread dropped 40 cents today, currently trading at $5.4/barrel.

• Target is reached around $55/barrel, and next target is around $51/barrel.
  
  
• Brent is trading at $58/barrel. Immediate support lies at $55 area and resistance at $59/60 region.

Natural Gas -

• Natural gas bulls pushed higher to test resistance around $2.95/mmbtu.
  
  
• Bulls are in control, however bears still remain strong around the above mentioned level.
  
  
• Bullish Doji, in weekly chart remains in focus.
  
  
• Natural Gas is currently trading at $2.85/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.93, $3.04, $3.32.