Natural Gas
Natural gas continues to move higher as traders stay focused on colder weather forecasts. Short-covering may have provided additional support to natural gas markets in recent trading sessions.
A successful test of the resistance at $3.55 – $3.60 will open the way to the test of the next resistance level at $4.00 – $4.05.
WTI Oil
WTI oil remained range-bound as U.S. President Donald Trump noted that he was unsure whether the meeting with Chinese President Xi Jinping would happen this month.
A move above the $58.00 level will open the way to the test of the nearest resistance at $60.00 – $60.50.
Brent Oil
Brent oil is stuck near the support level at $60.50 – $61.00 as traders stay focused on U.S. – China trade war.
From the technical point of view, Brent oil needs to settle below the support at $57.00 – $57.50 to gain additional downside momentum in the near term.
Natural Gas Price Forecast
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