Natural Gas
Natural gas remains under pressure as demand remains weak while weather forecasts stay bearish.
If natural gas settles below the $3.25 level, it will move towards the next support at $3.05 – $3.10.
WTI Oil
WTI oil gains ground as traders react to the EIA report, which indicated that crude inventories increased by +0.5 million barrels from the previous week.
In case WTI oil settles above the nearest resistance at $62.50 – $63.00, it will move towards the next resistance level, which is located in the $67.00 – $67.50 range.
Brent Oil
Brent oil is moving higher as traders shrug off worries about U.S. – China trade war.
If Brent oil stays above the $65.00 level, it will move towards the resistance level at $67.00 – $67.50. RSI is in the moderate territory, and there is enough room to gain upside momentum in the near term.
Natural Gas Price Forecast
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