Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As OPEC+ Plans To Boost Production

Natural Gas

Natural gas gained upside momentum at the start of the week and is trying to settle back above the $4.00 – $4.05 level.

In case this attempt is successful, natural gas will move towards the next resistance level, which is located in the $4.25 – $4.30 range.

WTI Oil

WTI oil tests new lows as OPEC+ plans to increase oil production in April, in line with the previous plan.

The nearest support level for WTI oil is located in the $67.00 – $67.50 range. If WTI oil declines below this level, it will head towards the next support at $62.50 – $63.00.

Brent Oil

Brent oil tests support at $71.00 – $71.50 as traders react to OPEC+ decision to boost production.

A move below the $71.00 level will push Brent oil towards the support at $67.00 – $67.50.

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