WTI oil remains under pressure as traders focus on the potential peace deal between Russia and Ukraine.
Brent oil declined below the $62.50 level.
Natural Gas
Natural Gas 211125 Daily Chart
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 211125 Daily Chart
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 211125 Daily Chart
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.
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Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.