Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Rebound Ahead Of The Weekend

Natural Gas

Natural gas remains under strong pressure amid lack of positive catalysts. Currently, natural gas continues its attempts to settle below the support at $3.35 – $3.40.

If natural gas settles below the $3.35 level, it will move towards the next support at $3.05 – $3.10.

WTI Oil

WTI oil rebounds as traders react to Donald Trump’s plans to set tariff rates for U.S. trading partners over the next two or three weeks.

A successful test of the resistance at $62.50 – $63.00 will open the way to the test of the 50 MA at $64.06.

Brent Oil

Brent oil climbed back above the $65.00 level as traders used the recent pullback as an opportunity to increase their long positions.

If Brent oil stays above the $65.00 level, it will move towards the nearest resistance at $67.00 – $67.50.

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