Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is trading in tight range, up today after yesterday's large sell off. Price action is getting squeezed suggesting breakout ahead. Today's range $45.2-43.7
  
  
• WTI is currently trading at $44.7/barrel. Immediate support lies at $43.3, $41.5 area and resistance at $48 area.

Oil (Brent) -

• Brent rose along with WTI and relatively better performer. Today's range - $47.4-48.5
  
  
• Brent-WTI spread rose to $3.3/barrel from $3/barrel.
  
  
• Brent is trading at $48/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -

• Natural gas dropped further as reversal soured yesterday. Today's range $2.51-2.58.

• EIA report showed inventory rose by 103 billion cubic feet.
  
• Natural Gas is currently trading at $2.55/mmbtu. Immediate support lies at $2.5, $2.45 area & resistance at $2.75, $2.95, $3.04, $3.32.