Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Russian Oil Supply Risks

Natural Gas

Natural gas found support in the $4.25 – $4.30 range and rebounded above the $4.35 level.

In case natural gas stays above $4.35, it will head towards the nearest resistance, which is located in the $4.60 – $4.65 range.

WTI Oil

WTI oil continues its attempts to settle above the resistance at $60.00 – $60.50 as traders focus on Russian oil supply risks.

A move above the 50 MA at $61.08 will open the way to the test of recent highs near the $62.50 level.

Brent Oil

Brent oil attempts to settle above the $65.00 level amid broad rally in the oil markets.

In case this attempt is successful, Brent oil will head towards the $66.75 level. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

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