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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Traders Focus On Trump-Zelenskiy Meeting
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Key Points:
- Natural gas attempts to settle above the $2.90 level.
- WTI oil moved towards the $63.50 level.
- Brent oil climbed above the $66.00 level.
Natural Gas
Natural gas managed to rebound from session lows and is trying to settle back above the $2.90 level.
In case this attempt is successful, natural gas will head towards the nearest resistance, which is located in the $3.00 – $3.05 range.
WTI Oil
WTI oil gains some ground as traders focus on Trump-Zelenskiy meeting. Oil markets showed little reaction to Trump-Putin meeting, and it remains to be seen whether traders are ready for big moves.
In case WTI oil settles back above the $64.00 level, it will head towards the resistance level at $66.00 – $66.50.
Brent Oil
Brent oil climbed back above the $66.00 level as traders remained focused on geopolitical news.
A move above $66.50 will push Brent oil towards the nearest resistance at $67.50 – $68.00.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
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.
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