Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Weigh Potential Sanctions On Russia

Natural Gas

Natural gas made an attempt to settle above the resistance at $3.35 – $3.40 but lost momentum and pulled back.

If natural gas declines below the $3.30 level, it will head towards the support at $3.05 – $3.10.

WTI Oil

WTI oil rallied as traders focused on potential sanctions on Russia. U.S. President Donald Trump said that he would make a “major statement” on Russia on Monday.

If WTI oil manages to settle above the $69.00 level, it will head towards the resistance level at $71.50 – $72.00.

Brent Oil

Brent oil is moving higher as traders worry that potential sanctions on Russia may hurt supply.

RSI is in the moderate territory, and there is plenty of room to gain additional momentum in case the right catalysts emerge.

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