Natural Gas
Natural gas pulled back as traders focused on bearish changes in weather forecasts.
A successful test of the support at $3.00 – $3.05 will open the way to the test of the next support level at $2.70 – $2.75.
WTI Oil
WTI oil is mostly flat as traders take some profits off the table after the strong pullback.
In case WTI oil manages to settle back above the $64.50 level, it will head towards the resistance level at $66.00 – $66.50.
Brent Oil
Brent oil is also trying to rebound after the pullback. From a big picture point of view, Brent oil needs additional positive catalysts to gain sustainable upside momentum.
If Brent oil climbs above the $68.00 level, it will head towards the 50 MA at $69.41.
Natural Gas Price Forecast
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