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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Reports Indicate That U.S. – Iran Talks Were Cancelled
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Key Points:
- Natural gas continues to rebound after the recent sell-off.
- WTI oil moved towards the $65.00 level amid rising U.S. - Iran tensions.
- Brent oil climbed above the $69.00 level.
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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About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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