Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Gain Ground In Holiday-Thinned Trade

Natural Gas

Natural gas gains ground as traders focus on weather forecasts, which indicate that weather will be cold in early January.

From the technical point of view, natural gas climbed above the resistance at $3.80 – $3.85 and is moving towards the next resistance level at $4.00 – $4.05.

WTI Oil

WTI oil is moving higher in holiday-thinned trade. It looks that some traders are ready to bet that demand for oil will exceed analyst expectations in the upcoming months.

If WTI oil climbs above the $70.00 level, it will move towards the resistance level at $72.00 – $72.50.

Brent Oil

Brent oil is trying to settle above the 50 MA at $73.33 as traders are bullish despite stronger dollar.

A move above the 50 MA will provide Brent oil with an opportunity to gain additional upside momentum.

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