Natural Gas
Natural gas tests new lows as weather forecasts point to warm weather, which will lead to low demand.
A successful test of the support at $3.90 – $3.95 will open the way to the test of the next support level at $3.70 – $3.75.
WTI Oil
WTI oil declined towards levels last seen in 2021 amid oversupply concerns. The potential Ukraine peace deal serves as an additional bearish catalyst for oil markets.
In case WTI oil settles below the support at $55.50 – $56.00, it will head towards the next support level at $51.50 – $52.00.
Brent Oil
Brent oil tests new lows amid broad sell-off in the oil markets. At this point, Brent oil lacks positive catalysts.
A move below the $59.00 level will push Brent oil towards the support at $56.50 – $57.00.
Natural Gas Price Forecast
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