Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is sharply gaining today continuing three consecutive days of short covering. Today's range $43.5-49.3
  
• Buy oil targeting $53/barrel area.
  
  
• WTI is currently trading at $49.1/barrel. Immediate support lies at $43 area and resistance at $53 area.

Oil (Brent) -

• Brent rose along with WTI on global risk recovery. Today's range - $48.2-54.3.
  
  
• Brent-WTI spread rose to $5/barrel.
  
  
• Brent is trading at $54.1/barrel. Immediate support lies at $48 area and resistance at $54.5, 59 region.

Natural Gas -

• Natural gas continues to find resistance around $2.7/mmbtu and likely to drop further, unless resistance cleared. Today's range $2.72-2.63.
  
  
• Price likely to drop to $2.35/mmbtu, since support cleared. However $2.63 area proving to be strong support.
  
  
• Natural Gas is currently trading at $2.68/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.