Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Tested New Lows

Natural Gas

Natural gas rallied as traders focused on storage levels, which are well below the five-year average for this time of the year.

A move above the resistance at $4.55 – $4.60 will push natural gas towards the psychologically important $5.00 level.

WTI Oil

WTI oil tested new lows as pullback continued. Traders stay focused on OPEC+ decision to boost production in April.

If WTI oil manages to settle below the support at $67.00 – $67.50, it will head towards the next support level at $62.50 – $63.00.

Brent Oil

Brent oil made an attempt to settle below the $70.00 level amid worries about trade wars.

A move below the $70.00 level will push Brent oil towards the support at $67.00 – $67.50.

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