Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Pull Back As Dollar Tests New Highs

Natural Gas

Natural gas continues to move higher as traders bet on rising demand. Natural gas climbed above the resistance at $4.25 – $4.30 and is trying to settle above the $4.35 level.

In case this attempt is successful, natural gas will move towards the next resistance at $4.60 – $4.65.

WTI Oil

WTI oil is losing some ground as traders focus on strong dollar and the pullback in U.S. equity markets.

The technical picture remains unchanged as WTI oil is stuck near the support at $60.00 – $60.50.

Brent Oil

Brent oil made an attempt to settle below the $64.00 level but lost momentum and rebounded towards the $64.50 level.

If Brent oil settles below $64.00, it will head towards the support level at $60.50 – $61.00.

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