Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back From Session Highs Despite Weak Dollar And Falling Yields

Natural Gas

Natural gas tested new lows as traders reacted to the EIA report, which indicated that working gas in storage increased by +96 Bcf from the previous week.

A successful test of the support at $3.35 – $3.40 will push natural gas towards the next support level at $3.05 – $3.10.

WTI Oil

WTI oil made an attempt to settle above the resistance level at $66.00 – $66.50 but lost momentum and pulled back.

If WTI oil declines below the 50 MA at $63.82, it will head towards the support level at $62.00 – $62.50.

Brent Oil

Brent oil is mostly flat despite U.S. dollar’s pullback and falling Treasury yields.

A move below the 50 MA at $66.57 will push Brent oil towards the support level at $63.50 – $64.00.

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