Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is only marginally higher after falling into lowest since financial crisis Today's range $38.4-$37.6
  
  
• WTI is currently trading at $37.8/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Brent is relatively worse performer than WTI, up over short covering. Today's range - $40.3 -41
  
  
• Brent-WTI spread dropped by $0.7/barrel to $3.7/barrel, since last night.
  
  
• Brent is trading at $40.5/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural gas is up today, finding support around $2. Today's range $2.06-2.12

• Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu. However the call might get soured due to heavy sentiment sell.
  
• Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.