Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is trying to pose a comeback, however struggling since sellers still remain large enough to push prices lower. Today's range $41.7-40.5
  
• Higher inventory dents confidence of bulls this week.
  
  
• WTI is currently trading at $41.4/barrel. Immediate support lies at $42-40 area and resistance at $47-49 area.

Oil (Brent) -

• Brent is worse performer than WTI today. Today's range - $47.4-46.3.
  
  
• Brent-WTI spread dropped to $5.4/barrel, further contraction likely.
  
  
• Brent is trading at $46.8/barrel. Immediate support lies at $45 area and resistance at $53 region.

Natural Gas -

• Natural gas bulls successfully defended range floor around $2.7/mmbtu over both FOMC minutes and inventory data from EIA today. Today's range $2.69-2.79.
  
  
• Stocks rose by 53 billion cubic feet compared to 65 billion cubic feet prior.
  
  
• Price might reach as $2.95 area since bulls were able to maintain floor.
  
  
• Natural Gas is currently trading at $2.78/mmbtu. Immediate support lies at $2.7, $2.55, $2.45 area & resistance at $2.95, $3.04, $3.32.