Commodities snapshot (energy)

Energy pack is down mixed today as oil is down and as is up. Weekly performance at a glance in chart & table.

Oil (WTI) -

• Another week of range, WTI is continuing its range for 9^th week now. Today's range $59.8-58.7
  
• Target for the downside is coming around $50-51/barrel if doji high is not taken out at $62.7. A break above could push prices as high as $70/barrel. $75/barrel remains next target.
  
  
• WTI is currently trading at $59.6/barrel. Immediate support lies at $56-54.6, $51.2-50 and resistance at $63-$65.

Oil (Brent) -

• Brent continues another week of range trade. Today's range $64- 62.7.

• Brent-WTI spread gained 30 cents today, currently trading at $3.6/barrel.

• Target is coming around $55/barrel, if doji high is not taken out. A break would push it towards $80/barrel.

• Brent is trading at $63.1/barrel. Immediate support lies at 61.8-61.4 area and resistance at $ 70 region.

Natural Gas -

• Natural gas tested but failed to push above $2.85/mmbtu area, which is crucial to to keep bullish momentum going.
 
• Natural Gas is currently trading at $2.81/mmbtu. Immediate support lies at $2.45 area & resistance at $2.93, $3.04, $3.32.