Commodities snapshot (energy)

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

Oil (WTI) -

• WTI in sharp fall today as glut concern back on spotlight. Today's range $32.1-34.2
  
  
• WTI is currently trading at $32.1/barrel. Immediate support lies at $28, area and resistance at $32, $34, $39 area.

Oil (Brent) -

• Brent is relatively better performer than WTI. Today's range - $34.1-36.1
  
  
• Brent is at $2.5/barrel premium to WTI.
  
  
• Brent is trading at $34.6/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas is down sharply after big move last week. Today's range $2.15-2.31

• Active call - Buy Natural gas @2.2 and at dips with target around $3.72 and stop loss at 1.68
  
• Natural Gas is currently trading at $2.16/mmbtu. Immediate support lies at $2 area & resistance at $2.2, 2.32