Natural Gas
Natural gas tests new highs as rally continues. Traders stay focused on encouraging weather forecasts, which indicate that weather may be cold in January.
From the technical point of view, natural gas is heading towards the resistance at $3.80 – $3.85.
WTI Oil
WTI oil rebounded from session lows as traders focused on U.S. dollar’s pullback and falling Treasury yields.
In case WTI oil manages to settle back above the $70.00 level, it will head towards the nearest resistance at $72.00 – $72.50.
Brent Oil
Brent oil is moving higher, supported by weaker U.S. dollar. From a big picture point of view, traders remain worried about the strength of demand in the upcoming months.
Brent oil needs to settle back above the 50 MA at $73.41 to have a chance to gain upside momentum in the near term.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
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