Natural Gas
Natural gas gains ground as traders stay focused on supply disruptions. Weather forecasts are somewhat bearish, but natural gas managed to stay above the $2.30 level.
A move above the $2.40 level will push natural gas towards the resistance at $2.55 – $2.60.
WTI Oil
WTI oil is moving higher, supported by supply disruptions in the U.S. Gulf of Mexico after Hurricane Francine.
In case WTI oil manages to settle above the $70.00 level, it will move towards the resistance at $72.00 – $72.50.
Brent Oil
Brent oil continues its attempts to settle above the resistance at $72.50 – $73.00. According to recent reports, about 20% of GoM crude oil production remains offline, which is bullish for oil prices.
A move above the $73.00 level will open the way to the test of the next resistance at $77.00 – $77.50.
Natural Gas Price Forecast
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