Commodities snapshot (energy)

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

Oil (WTI) -

• WTI trimmed gains today after stocks rose this week according to EIA report. Today's range $48.2-49.7
  
• WTI might gain towards $55/barrel.
  
  
• EIA crude oil stocks rose by 3.073 million barrels.
  
  
• WTI is currently trading at $48.8/barrel. Immediate support lies at $45 area and resistance at $54 area.

Oil (Brent) -

• Brent is up in line with WTI today, but much better performer. Today's range - $51.9-53.2
  
  
• Brent-WTI spread gained to $3.6/barrel from $3.4/barrel.
  
  
• Brent is trading at $52.5/barrel. Immediate support lies at $45 area and resistance at $52.5, 59 region.

Natural Gas -   

• Natural gas headed higher, focus on tomorrow's inventory report. Today's range $2.45-2.54.
  
• Natural Gas is currently trading at $2.49/mmbtu. Immediate support lies at $2.35, $2.25 area & resistance at $2.55, $2.67, $2.95.