Commodities snapshot (energy)

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

Oil (WTI) -

• WTI might go for larger correction towards $47/barrel. Today's range $42.6-$43.3
  
  
• WTI is currently trading at $42.7/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Brent is relatively worse performer today. Today's range - $45.3 -46.3
  
  
• Brent-WTI spread dropped by $0.5/barrel to $2.8/barrel.
  
  
• Brent is trading at $45.3/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is down today, after yesterday's big rise. Today's range $2.25-2.32

• Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu.
  
• Natural Gas is currently trading at $2.26/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.