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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Rebound As Traders Stay Focused On Ukraine Peace Talks
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Key Points:
- Natural gas pulled back at the start of the week.
- WTI oil gained ground as traders reacted to recent news about Ukraine peace talks.
- Brent oil moved back above the $63.00 level.
Natural Gas
Natural gas is losing ground as traders focus on bearish changes in weather forecasts.
In case natural gas settles back below the $4.45 level, it will head towards the support at $4.25 – $4.30.
WTI Oil
WTI oil gains ground as traders remain focused on potential peace talks between Russia and Ukraine.
In case WTI oil climbs back above the $59.00 level, it will head towards the nearest resistance level at $60.00 – $60.50.
Brent Oil
Brent oil has also managed to gain upside momentum and is trying to settle above the $63.00 level.
In case this attempt is successful, Brent oil will head towards the resistance at $64.50 – $65.00.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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