Commodities snapshot (energy)

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

Oil (WTI) -

• WTI recovered from its recent slump. Lack of clarity in outlook. Today's range $45.9-47.3
  
  
• WTI is currently trading at $47/barrel. Immediate support lies at $43, 38 area and resistance at $47.5 area.

Oil (Brent) -

• Brent is up but worse performer than WTI today. Today's range - $48.4-49.7
  
  
• Brent-WTI spread trading dropped to $2.5/barrel, from $2.7/barrel.
  
  
• Brent is trading at $49.5/barrel. Immediate support lies at $45, $46.5 area and resistance at $50.5, 54 region.

Natural Gas -   

• Natural gas continuing its lacklustre performance as winter outlook remains warmer than usual. Today's range $2.23-2.29.
  
• Natural Gas is currently trading at $2.25/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.