Commodities snapshot (energy)

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

Oil (WTI) -

• WTI whipsawed today but recovered after dropping below$30 /barrel. Today's range $29.4-31.8
  
  
• EIA report showed inventory rose by 7.8 million barrels
  
  
• WTI is currently trading at $31.7/barrel. Immediate support lies at $28, area and resistance at $32, $34, $39 area.

Oil (Brent) -

• Brent is relatively better performer than WTI this week. Today's range - $32.3-34.7
• Brent is at $2.7/barrel premium to WTI.
  
  
• Brent is trading at $34.4/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas is in red, despite weakness in Dollar. Today's range $1.99-2.06

• 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 $2.03/mmbtu. Immediate support lies at $2 area & resistance at $2.2, 2.32