Commodities snapshot (energy)

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

Oil (WTI) 

• WTI moved higher after larger than expected drawdown in crude inventory. Today's range $37.3-37.9
   
• WTI is currently trading at $37.6/barrel. Immediate support lies at $32, $34.7 area and resistance at $39.1, $42, $43.6 area.

Oil (Brent) 

• Brent is worse performer than WTI. Today's range - $36.9-37.9
   
• Brent-WTI spread dropped to -20 cents per barrel.
   
• Brent is trading at $37.4/barrel. Immediate support lies at $34, $36 area and resistance at $38.5, $41.5, $45, $47 region.

Natural Gas 

• Natural gas continuing one of its worst winter ever. However this is best week since winter rush of 2013/14. Today's range $1.99-2.10
• Natural Gas is currently trading at $2.09/mmbtu. Immediate support lies at $1.66 area & resistance at $1.98, $2.1, $2.3