Natural Gas
Natural gas pulled back as traders focused on bearish changes in weather forecasts, which indicate that weather may be less cold than previously expected.
If natural gas stays below the support at $3.55 – $3.60, it will move towards the next support level at $3.25 – $3.30.
WTI Oil
WTI oil gains ground as traders focus on potential supply disruptions. U.S. increases pressure on sanctioned vessels and forces China to comply.
In case WTI oil climbs above the recent highs near the $75.00 level, it will move towards the next resistance level at $77.00 – $77.50.
Brent Oil
Brent oil tests resistance at $77.00 – $77.50 amid broad rally in the energy markets.
In case this test is successful, Brent oil will head towards the next resistance level at $81.00 – $81.50.
Natural Gas Price Forecast
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