Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moved Away From Session Highs On Profit-Taking

Natural Gas

Natural gas gains ground as traders focus on weather forecasts, which have trended colder over the weekend.

In case natural gas settles above the resistance at $3.55 – $3.60, it will head towards the next resistance level at $4.00 – $4.05.

WTI Oil

WTI oil is swinging between gains and losses as traders react to U.S. – China trade truce.

If WTI oil settles above the 50 MA at $62.21, it will move towards the nearest resistance level, which is located in the $66.00 – $66.50 range.

Brent Oil

Brent oil settled below the $66.00 level as traders continued to take profits after the recent rally.

If Brent oil moves below the support at $64.50 – $65.00, it will head towards the next support level at $60.50 – $61.00.

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