Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Under Strong Pressure As Geopolitical Premium Declines

Natural Gas

Natural gas gains ground as traders focus on colder weather forecasts and bet on rising demand.

In case natural gas settles above the $3.40 level, it will head towards the resistance at $3.55 – $3.60.

WTI Oil

WTI oil retreats as geopolitical premium declines due to the potential ceasefire between Israel and Hezbollah.

If WTI oil stays below the $69.00 level, it will head towards the support level at $67.00 – $67.50.

Brent Oil

Brent oil is losing ground as traders react to the recent developments in the Middle East.

A move below the $73.00 level opens the way to the test of the support level at $71.00 – $71.50.

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