Commodities snapshot (energy)

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

Oil (WTI) -

• WTI is up as Saudi Arabia showed openness to production cut but not alone. Today's range $40-$40.9
  
  
• WTI is currently trading at $40.1/barrel. Immediate support lies at 38 area and resistance at $45, $47.5 area.

Oil (Brent) -

• Brent is relatively better performer today. Today's range - $43.7 -42.6
  
  
• Brent-WTI spread rose by $0.4/barrel to $2.9/barrel.
  
  
• Brent is trading at $43/barrel. Immediate support lies at $42, $38 area and resistance at $48, $50.5, 54 region.

Natural Gas -   

• Natural struggling to make much gain as winter demand remains weak. Today's range $2.12-2.19

• Buy Natural gas @2.4 and @2.2, targeting $3.15/mmbtu and stop loss at $1.9/mmbtu.
  
• Natural Gas is currently trading at $2.16/mmbtu. Immediate support lies at $2, $1.85 area & resistance at $2.4.