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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Some Ground Ahead Of The Weekend
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Key Points:
- Natural gas pulls back amid profit-taking.
- WTI oil failed to settle above the $60.00 level.
- Brent oil remained stuck below the $64.50 level.
Natural Gas
Natural gas is losing ground as traders take some profits off the table ahead of the weekend.
In case natural gas manages to settle above the $4.40 level, it will head towards the resistance at $4.60 – $4.65.
WTI Oil
WTI oil gained some ground as traders remained worried about rising production from OPEC+.
The technical picture is unchanged as WTI oil is stuck near the support at $60.00 – $60.50.
Brent Oil
Brent oil made an attempt to settle below the $64.00 level but lost momentum and pulled back.
In case Brent oil manages to settle below the $63.00 level, it will head towards the support at $60.50 – $61.00.
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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