Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Pulls Back As Traders Focus On U.S. – Russia Talks

Natural Gas

Natural gas tested the $4.98 level but lost momentum and pulled back as traders have started to take profits near multi-month highs.

In case natural gas settles below the $4.80 level, it will head towards the support at $4.60 – $4.65.

WTI Oil

WTI oil stays range-bound as traders wait for the results of Russia – U.S. negotiations in Moscow. Russia’s Putin is talking with Trump’s special envoy Witkoff.

The technical picture remains unchanged as WTI oil is stuck below the resistance level at $60.00 – $60.50.

Brent Oil

Brent oil is losing some ground as traders remain focused on geopolitical developments and wait for additional catalysts.

A move above the $63.00 level will open the way to the test of the resistance at $64.50 – $65.00.

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