Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Gain Some Ground As Traders Focus On Geopolitics

Natural Gas

Natural gas is moving higher as traders bet on a rebound after yesterday’s sell-off.

In case natural gas manages to settle above the support at $3.90 – $3.95, it will head towards the nearest resistance level, which is located in the $4.15 – $4.20 range.

WTI Oil

WTI oil gained some ground as traders were not ready for big moves ahead of the weekend. The potential Ukraine peace deal will remain the key driver for oil markets in the near term.

In case WTI oil settles above the $57.00 level, it will move towards the 50 MA at $59.00.

Brent Oil

Brent oil climbed above the $60.00 level as traders waited for additional catalysts.

RSI remains in the moderate territory, so there is plenty of room to gain upside momentum in the near term.

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