Natural Gas
Natural gas managed to move away from session lows as some traders were ready to bet on a rebound after the strong pullback.
In case natural gas settles back above the $3.50 level, it will head towards the nearest resistance, which is located in the $3.70 – $3.75 range.
WTI Oil
WTI oil gains ground as traders react to the U.S. operation in Venezuela and evaluate its potential impact on the country’s oil exports.
A move above the 50 MA at $58.86 will push WTI oil towards the resistance level at $60.00 – $60.50.
Brent Oil
Brent oil moved higher, supported by rising geopolitical tensions. Currently, Brent oil is trying to settle above the resistance at $60.50 – $61.00.
In case this attempt is successful, Brent oil will move towards the 50 MA at $62.84.
Natural Gas Price Forecast
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