Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Cold Weather

Natural Gas

Natural gas is moving higher, supported by cold weather forecasts which indicate that demand would be strong in the near term.

In case natural gas settles above $3.80, it will head towards the nearest resistance level at $3.95 – $4.00.

WTI Oil

WTI oil gains ground as traders bet that cold weather would boost demand for energy.

If WTI oil settles above the $74.00 level, it will move towards the recent highs near the psychologically important $75.00 level.

Brent Oil

Brent oil continues its attempts to settle above the resistance at $77.00 – $77.50 amid broad rally in the oil markets.

A move above the $77.50 level will push Brent oil towards the next resistance at $81.00 – $81.50.

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