Natural Gas
Natural gas markets suffered a sell-off as traders focused on bearish changes in weather forecasts.
In case natural gas declines below the support at $4.00 – $4.05, it will move towards the next support level at $3.65 – $3.70.
WTI Oil
WTI oil gained ground as traders focused on the EIA report, which indicated that gasoline inventories declined by 5.7 million barrels from the previous week.
If WTI oil manages to settle above the $67.50 level, it will move towards the psychologically important $70.00 level.
Brent Oil
Brent oil is moving higher amid broad rally in the oil markets. Some traders are ready to bet on a strong rebound from recent lows.
A successful test of the resistance at $71.00 – $71.50 will provide Brent oil with a chance to gain additional 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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