Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Prices Test New Highs As Dollar Pulls Back

Natural Gas

Natural gas is under pressure as traders focus on strong production and cooler weather forecasts.

A successful test of the support at $2.70 – $2.75 will push natural gas towards the next support level at $2.50 – $2.55.

WTI Oil

WTI oil is moving higher as traders focus on the strong pullback of the American currency.

If WTI oil climbs above the $64.00 level, it will move towards the resistance at $66.00 – $66.50.

Brent Oil

Brent oil tests resistance at $67.50 – $68.00 as traders stay bullish ahead of the weekend.

In case this test is successful, Brent oil will move towards the 50 MA at $69.35.

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