Commodities snapshot (energy)

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

Oil (WTI) -

• WTI has broken the triangular congestion on the upside suggesting further rise in prices. Today's range $45.7-48.6
  
• WTI might gain towards $55/barrel
  
  
• WTI is currently trading at $46.3/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

• Brent is up in line with WTI today, but much better performer. Today's range - $48.8-52
  
  
• Brent-WTI spread gained to $3.4/barrel from $3/barrel.
  
  
• Brent is trading at $51.7/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -   

• Natural gas is marginally up compared to oil. Today's range $2.43-2.49.
  
• Natural Gas is currently trading at $2.45/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.