Commodities snapshot (energy)

Energy pack is mixed, while oil is up, gas is trading in red today. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI is rose sharply as money managers most bullish in two months and non-OPEC production to drop fast. Today's range $46.3-44.7
  
  
• WTI is currently trading at $46.2/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

• Brent rose along with WTI, relatively worse performer. Today's range - $47.5-48.8.
  
  
• Brent-WTI spread dropped to $2.2/barrel from $2.6/barrel. Further contraction possible.
  
  
• Brent is trading at $48.4 /barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -

• Natural gas is clearly trading with downside bias, down for fifth consecutive day. Today's range $2.61-2.54.
  
• Natural Gas is currently trading at $2.58/mmbtu. Immediate support lies at $2.55, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.