Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Falls 2.5% On Demand Fears

Natural Gas

Natural gas tests resistance at $3.35 – $3.40 as the rebound continues. The current demand for natural gas is low, but some traders are ready to bet on a stronger rebound from recent lows.

A move above the $3.40 level will push natural gas towards the next resistance at $3.60 – $3.65.

WTI Oil

WTI oil is under pressure as traders worry that trade wars will hurt demand for oil.

If WTI oil settles below the $60.00 level, it will head towards the next support at $57.50 – $58.00.

Brent Oil

Brent oil tests new lows amid broad pullback in the oil markets, which is driven by demand fears.

A move below the $64.00 level will open the way to the test of the support level at $62.00 – $62.50.

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