Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Reports Indicate That U.S. – Iran Talks Were Cancelled

Natural Gas

Natural gas continued to rebound as traders prepared for the EIA report, which would be released tomorrow.

A successful test of the resistance at $3.50 – $3.55 will push natural gas towards the next resistance level at $3.95 – $4.00.

WTI Oil

WTI oil rallied amid reports indicating that U.S. – Iran nuclear talks were cancelled. The negotiations were scheduled to take place on Friday.

In case WTI oil climbs above the resistance at $65.50 – $66.00, it will move towards the next resistance level at $70.00 – $70.50.

Brent Oil

Brent oil attempts to settle above the resistance at $69.50 – $70.00 amid rising U.S. – Iran tensions.

In case this attempt is successful, Brent oil will move towards the next resistance level at $73.50 – $74.00.

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