Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back Amid Signs Of Progress In U.S. – Iran Talks

Natural Gas

Natural gas tests support at $3.35 – $3.40 as traders react to the EIA report, which indicated that working gas in storage increased by +110 Bcf from the previous week.

In case this test is successful, natural gas will move towards the next support level at $3.05 – $3.10.

WTI Oil

WTI oil pulled back as Donald Trump said that U.S. was close to a nuclear deal with Iran.

If WTI oil pulls back below the $60.00 level, it will move towards the next support level at $57.50 – $58.00.

Brent Oil

Brent oil  is losing ground as traders focus on the progress in U.S. – Iran negotiations.

A move below the $63.50 level will open the way to the test of the support at $62.00 – $62.50.

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