Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains 2% As Traders Focus On Middle East

Natural Gas

Natural gas gains ground as traders ignore mild weather forecasts and prepare to switch to December contract.

From the technical point of view, natural gas needs to move above the resistance at $2.60 – $2.65 to gain additional momentum.

WTI Oil

WTI oil gains ground as traders focus on the situation in the Middle East and try to evaluate whether Israel will respond to the Iranian missile attack at the start of October.

A move above the resistance at $72.00 – $72.50 will push WTI oil towards the next resistance at $77.00 – $77.50.

Brent Oil

Brent oil is moving higher as traders are ready to bet on the continuation of the rebound ahead of the weekend.

In case Brent oil stays above the $76.00 level, it will head towards the nearest resistance at $77.00 – $77.50.

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