Natural Gas
Natural gas pulls back as traders take some profits off the table near multi-month highs.
The technical picture remains bullish, but natural gas needs to settle above the $3.09 level to continue the move.
WTI Oil
WTI oil rallies as traders react to the Goldman Sachs report, which predicted strong demand in summer.
A move above the $78.00 level will push WTI oil towards the nearest resistance, which is located in the $79.00 – $80.00 range.
Brent Oil
Brent oil has also managed to gain strong upside momentum. Goldman Sachs analysts expect that Brent oil will move towards the $86 level in the third quarter.
In case Brent oil stays above the $81.00 level, it will head towards the resistance at $84.50 – $85.50.
Natural Gas Price Forecast
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