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

Natural Gas

Natural gas made another attempt to settle above the resistance at $4.55 – $4.60 but lost momentum and pulled back.

A move below the $4.40 level will push natural gas towards the nearest support level at $4.25- $4.30.

WTI Oil

WTI oil attempts to rebound from multi-month lows, although traders stay cautious amid trade wars.

From the technical point of view, WTI oil needs to settle back above the $67.50 level to have a chance to gain sustainable upside momentum in the near term.

Brent Oil

Brent oil climbed back above the $69.00 level as some traders were ready to bet on a rebound.

A move above the $70.00 level will open the way to the test of the resistance at $71.00 – $71.50.

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