Natural Gas
Natural gas prices collapsed as weather forecasts trended warmer over the weekend.
From the technical point of view, natural gas settled below the support at $3.50 – $3.55 and is moving towards the next support level at $3.00 – $3.05.
WTI Oil
WTI oil found itself under strong pressure as President Trump said that Iran was “seriously” negotiating with the U.S.
In case WTI oil settles below the $62.00 level, it will head towards the nearest support at $60.00 – $60.50.
Brent Oil
Brent oil suffered a sell-off as geopolitical premium declined amid signs of U.S. – Iran de-escalation.
A move below the support at $64.50 – $65.00 will push Brent oil towards the 50 MA at $63.17.
Natural Gas Price Forecast
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