Commodities snapshot (energy)

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

Oil (WTI) -

• WTI rose sharply after both API and EIA reported drop in inventory. Today's range $46.1-47.2
  
  
• WTI is currently trading at $47.1/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

• Brent rose along with WTI and relatively better performer. Today's range - $50.3-48.7
• Brent-WTI spread rose to $3/barrel from $2.2/barrel.
  
  
• Brent is trading at $50.1/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -

• Natural gas is looking to reverse some of the recent loss, even if it is not a change in trend. Today's range $2.61-2.57.
  
• Natural Gas is currently trading at $2.59/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.