Natural Gas
Natural gas is losing ground as traders react to the EIA report, which indicated that working gas in storage declined by -2 Bcf from the previous week.
If natural gas settles below the support at $3.20 – $3.25, it will move towards the next support level at $3.00 – $3.05.
WTI Oil
WTI oil is losing some ground as traders focus on the EIA report, which indicated that crude inventories decreased by 1.8 million barrels from the previous week.
From the technical point of view, WTI oil is slowly moving towards the nearest support level at $67.00 – $67.50.
Brent Oil
Brent oil is moving lower as traders react to the ceasefire deal between Israel and Hezbollah.
If Brent oil stays below the $73.00 level, it will head towards the nearest support at $71.00 – $71.50.
Natural Gas Price Forecast
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