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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As U.S. Navy Shoots Down Iranian Drone
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Key Points:
- Natural gas attempts to rebound after the strong sell-off.
- WTI oil gains ground as traders focus on geopolitical risks.
- Brent oil climbed above the $67.00 level.
Natural Gas
Natural gas gains some ground as some traders are ready to bet on a rebound after the strong pullback.
In case natural gas settles above the $3.30 level, it will head towards the nearest resistance at $3.50 – $3.55.
WTI Oil
WTI oil attempts to rebound after the sell-off, which was triggered by U.S. – Iran negotiations.
A move above the $64.00 level will push WTI oil towards the resistance at $65.50 – $66.00.
Brent Oil
Brent oil is moving higher as traders buy the dip. Traders are also focused on geopolitical news. U.S. Navy shot down an Iranian drone, which was moving towards an aircraft carrier in the Arabian Sea.
If Brent oil climbs above the $68.00 level, it will head towards the resistance at $69.50 – $70.00.
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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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