Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 5.6% As Geopolitical Risk Premium Falls

Natural Gas

Natural gas is losing ground as traders focus on high production and switch to the next month’s contract.

RSI remains in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

WTI Oil

WTI oil is under strong pressure as Israel’s strike did not target Iran’s oil infrastructure.

A successful test of the support at $67.00 – $67.50 will open the way to the test of the next support level at $63.50 – $64.00.

Brent Oil

Brent oil is losing ground as traders react to the developments in the Middle East.

A move below the $71.00 level will open the way to the test of the support at $67.50 – $68.00.

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