Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moves Higher As Traders React To U.S. – Russia Talks In Moscow

Natural Gas

Natural gas tests new highs as traders focus on colder weather forecasts and bet on rising demand.

In case natural gas manages to settle above the resistance at $5.00 – $5.05, it will move towards the next resistance level at $5.45 – $5.50.

WTI Oil

WTI oil gained some ground as U.S. – Russia talks on Ukraine peace deal failed to reach breakthrough.

From the technical point of view, oil prices remain range-bound. WTI oil needs to settle above the $60.50 level to gain upside momentum in the near term.

Brent Oil

Brent oil moved higher as geopolitical risk premium increased. However, traders remained worried about rising supply, so Brent oil failed to gain sustainable upside momentum.

If Brent oil pulls back below the $58.00 level, it will head towards the support at $55.50 – $56.00.

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