Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Norway’s Johan Sverdrup Oilfield Resumes Production

Natural Gas

Natural gas tests resistance at $3.00 – $3.05 as traders stay focused on colder weather, which would boost demand.

A move above the $3.05 level will push natural gas towards the resistance at $3.20 – $3.25.

WTI Oil

WTI oil is mostly flat as traders focus on the partial restart of Norway’s Johan Sverdrup oilfield.

If WTI oil manages to settle above the 50 MA at $70.63, it will head towards the resistance at $72.00 – $72.50.

Brent Oil

Brent oil is flat as traders focus on rising geopolitical tensions and falling Treasury yields.

In case Brent oil pulls back below the $73.00 level, it will head towards the support level at $71.00 – $71.50.

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