Natural Gas
Natural gas gains ground as traders stays focused on cold weather. Current demand for natural gas is high, which is bullish for natural gas prices.
If natural gas stays above the $5.00 level, it will get to the test of the next resistance at $5.25 – $5.30.
WTI Oil
WTI oil rallied as Trump put more pressure on Iran. U.S. introduced sanctions on vessels transporting Iranian oil. In addition, Trump said that an “armada” was heading to Middle East.
In case WTI oil stays above the $60.50 level, it will head towards recent highs near $62.50.
Brent Oil
Brent oil is moving higher as traders focus on supply risks amid Iran-related tensions.
From the technical point of view, Brent oil needs to stay above the $65.00 level to have a chance to gain additional upside momentum in the near term.
Natural Gas Price Forecast
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