Commodities snapshot (energy)

Energy pack is mixed in today's trading, while gas and Brent is up WTI dropped. Weekly performance at a glance in chart & table.

Oil (WTI) -

• WTI started the week on relatively weaker footing compared to other energy commodities. Today's range $44.3-43.3
  
• WTI is likely to fall towards $42 area. The drop might extend below $40 area.
  
  
• WTI is currently trading at $43.9/barrel. Immediate support lies at $42 and resistance at $47-49 area.

Oil (Brent) -

• Brent on the contrary to WTI, started the weak on relatively stronger footing. Today's range - $48.2-49.4.
  
  
• Brent-WTI spread rose by 40 cents since last trading day, currently trading at $5.2/barrel.

• $50 area is posing as resistance.
  
  
• Brent is trading at $49.1/barrel. Immediate support lies at $45 area and resistance at $53 region.

Natural Gas -

• Natural gas bulls again back today in their bids to break above $2.95 area. Today's range $2.83-2.76.
  
  
• Bears have failed to push below $2.7 area. Price might reach as low as $2.35 if it clears $2.7 mark, whereas bulls might try to test $2.95 area.
  
  
• Natural Gas is currently trading at $2.83/mmbtu. Immediate support lies at $2.7, $2.55, $2.45 area & resistance at $2.95, $3.04, $3.32.