Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Attempt To Rebound

Natural Gas

Natural gas is losing ground as traders stay focused on the bearish EIA report and continue to take profits after the recent rally.

A successful test of the support at $4.25 – $4.30 will push natural gas towards the next support level at $4.00 – $4.05.

WTI Oil

WTI oil moved higher as Donald Trump warned that he could impose additional sanctions on Russia.

In case WTI oil manages to settle back above the $68.00 level, it will head towards the psychologically important $70.00 level.

Brent Oil

Brent oil has also moved away from recent lows as some traders were ready to bet on a rebound.

From the technical point of view, Brent oil needs to settle above the resistance at $71.00 – $71.50 to have a chance to gain upside momentum in the near term.

For a look at all of today’s economic events, check out our economic calendar.