Commodities snapshot (energy)

Energy pack is in red today. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is down today, however on its way to positive close on the week. Today's range $45.7-47.3
  
• Next target area is $53/barrel.
  
  
• WTI is currently trading at $46.1/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $50 area.

Oil (Brent) -

• Brent dropped along with WTI, however relatively worse performer than today. Today's range - $49.6-51.1.
  
  
• Brent-WTI dropped to $3.7/barrel. Further contraction possible but partial profit booking suggested.
  
  
• Brent is trading at $49.8/barrel. Immediate support lies at $48 area and resistance at $54.5, 59 region.

Natural Gas -

• Natural gas is continuing its range trade around $2.7 area. Today's range $2.72-2.66.
  
• Natural Gas is currently trading at $2.67/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.