Natural Gas
Natural gas rebounds as short-sellers take some profits off the table after the strong move.
In case natural gas climbs above the $2.40 level, it will move towards the nearest resistance, which is located in the $2.50 – $2.55 range.
WTI Oil
WTI oil pulls back as traders focus on Gaza ceasefire talks. It should be noted that previous ceasefire talks yielded no results, and it remains to be seen whether Middle East tensions will de-escalate in the upcoming weeks.
A move below the $82.00 level will push WTI oil towards the nearest support level at $79.00 – $80.00.
Brent Oil
Brent oil is losing ground as geopolitical risk premium declines. Profit-taking also serves as an important catalyst for the move.
From the technical point of view, Brent oil is moving towards the nearest support level at $84.50 – $85.00.
Natural Gas Price Forecast
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