Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Retreat As U.S. Attempts To Negotiate Russia – Ukraine Peace Deal

Natural Gas

Natural gas  gains ground as traders focus on colder weather trends. Current demand for natural gas is low, but traders expect that it will increase at the end of the month.

A successful test of the resistance at $4.60 – $4.65 will open the way to the test of the next resistance level, which is located in the $5.00 – $5.05 range.

WTI Oil

WTI oil is under pressure as U.S. continues to push for Russia-Ukraine peace deal.

If WTI oil stays below the $58.00 level, it will head towards the support at $55.50 – $56.00.

Brent Oil

Brent oil retreats as traders worry that Russian oil exports will increase after a potential peace deal.

A move below the $62.00 level will push Brent oil towards the support at $60.50 – $61.00.

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