Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is sharply down today. Today's range $45.5-44.2
  
  
• WTI is currently trading at $44.2/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

• Brent dropped along with WTI, however marginally worse performer than today. Today's range - $49.5-47.5.
  
  
• Brent-WTI dropped to $3.5/barrel. Further contraction possible.
  
  
• Brent is trading at $47.7/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -

• Natural gas is continuing its range trade around $2.7 area. Today's range $2.7-2.63.
  
• Natural Gas is currently trading at $2.65/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.