Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 3% Amid Demand Concerns

Natural Gas

Natural gas made an attempt to settle above the $3.10 level but lost momentum and pulled back.

A move below the $3.00 level will open the way to the test of the next support level, which is located in the $2.70 – $2.75 range.

WTI Oil

WTI oil found itself under strong pressure as traders reacted to the disappointing Non Farm Payrolls report and negative revisions of previous reports.

In case WTI oil declines below the $67.00 level, it will get to the test of the nearest support at $66.00 – $66.50.

Brent Oil

Brent oil suffered a strong sell-off as traders worried about the situation in the U.S. economy.

If Brent oil settles below the 50 MA at $69.11, it will move towards the support at $67.50 – $68.00.

For a look at all of today’s economic events, check out our economic calendar.