Natural gas tests new highs as traders react to cold weather forecasts and focus on rising LNG exports.
A successful test of the resistance at $4.25 – $4.30 will push natural gas towards the next resistance level at $4.60 – $4.65.
WTI oil gains ground as traders react to OPEC+ decision to raise production by 137,000 bpd in December.
If WTI oil manages to settle above the 50 MA at $61.92, it will move towards the resistance level at $66.00 – $66.50.
Brent oil climbed back above the $65.00 level as OPEC+ decided to pause production increases in the first quarter of 2026.
From the technical point of view, Brent oil needs to settle above the $65.00 level to have a chance to gain upside momentum in the near term.
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Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.