Natural Gas
Natural gas is losing ground as traders focus on cooler weather forecasts, which indicate that demand will stay low.
If natural gas settles below the support at $3.35 – $3.40, it will head towards the next support level, which is located in the $3.05 – $3.10 range.
WTI Oil
WTI oil is swinging between gains and losses as traders prepare for OPEC+ decision on the group’s production plans, which will be made on Saturday.
The technical picture remains unchanged as WTI oil did not manage to settle below the $60.00 level.
Brent Oil
Brent oil tests support at $62.00 – $62.50 as traders worry that OPEC+ may raise production in July by more than 411,000 bpd.
A move below the support at $62.00 will push Brent oil towards the next support level at $58.50 – $59.00.
Natural Gas Price Forecast
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