Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 1.9% As Exports From Iraq’s Kurdistan Fail To Restart

Natural Gas

Natural gas rebounds as traders take some profits off the table after the strong pullback.

A move above the $2.90 level will push natural gas towards the resistance level at $3.00 – $3.05.

WTI Oil

WTI oil moved higher as exports from Iraq’s Kurdistan region did not restart as planned.

If WTI oil climbs above the 50 MA at $64.52, it will move towards the resistance level at $66.00 – $66.50.

Brent Oil

Brent oil climbed towards the resistance level at $67.50 – $68.00 amid broad rally in the oil markets.

A successful test of the resistance at $67.50 – $68.00 will push Brent oil towards the next resistance at $71.00 – $71.50.

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