Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As Crude Inventories Rise By 8.7 Million Barrels

Natural Gas

Natural gas continues its attempts to settle above the nearest resistance at $3.20 – $3.25. RSI is in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

If natural gas manages to settle above $3.25, it will move towards the resistance at $3.55 – $3.60.

WTI Oil

WTI oil retreats as traders focus on the EIA report, which indicated that crude inventories increased by 8.7 million barrels from the previous week.

A move below the $70.00 level will push WTI oil towards the next support at $67.00 – $67.50.

Brent Oil

Brent oil is under strong pressure as traders focus on rising crude oil and gasoline inventories in the U.S.

In case Brent oil stays below the $75.00 level, it will head towards the support at $71.00 – $71.50.

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