Commodities snapshot (energy)

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

Oil (WTI) -

• Saudi oil minister Ali Naimi's no production cut comments, taking its toll over WTI, which is sharply down since last night. Today's range $30.6-31.5
  
  
• WTI is currently trading at $30.9/barrel. Immediate support lies at $24, 27 area and resistance at $34, $39 area.

Oil (Brent) -

• Brent is better performer than WTI today. Today's range - $32.3.7-33.2
  
  
• Brent is at $1.8 /barrel premium to WTI.
  
  
• Brent is trading at $32.7/barrel. Immediate support lies at $25, $29 area and resistance at $35, $39 region.

Natural Gas -    

• Natural gas struggling to make gains amid heavy selling pressure, with summer approaching. Today's range $1.75 -1.8

• Active call - sell natural gas targeting $1.32 and $1.2 area with stop around $2.3
  
• Natural Gas is currently trading at $1.77/mmbtu. Immediate support lies at $1.7 area & resistance at $2 and $2.3