The energy segment over the last year remained the worst performer. Performance this week at a glance in chart & table -
- Oil (WTI) - Crude oil outlook remain bearish amid an oversupply & low demand. Recent cut down by companies yet to have an impact. WTI is currently trading at $49.6/ barrel. Immediate support lies at 48 and resistance at 54.
- Oil (Brent) - As WTI suffers from a rise in US production & inventory built up the Brent-WTI spread is trading close to $10. Brent is currently trading at $59.5/barrel. Immediate support lies at 58 & resistance at 63.
- Natural Gas - Natural gas price trend is more seasonal than any other commodity. This year's relative warm weather and relatively higher stock built up has kept the price subdued. Natural gas is currently trading at $ 2.88/mmbtu. Immediate support lies at 2.77 & resistance at 3.03.
|
WTI |
-1.97 |
|
Brent |
-0.88 |
|
Natural Gas |
-2.17 |


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