Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Trump Warns Of Potential Tariffs On Buyers Of Russian Oil

Natural Gas

Natural gas gains ground as traders focus on changes in weather forecasts, which indicate that demand could increase on April 7.

From the technical point of view, natural gas needs to settle above the resistance at $4.25 – $4.30 to gain additional upside momentum in the near term.

WTI Oil

WTI oil  is moving higher as Donald Trump warned about secondary tariffs on buyers of Russian oil.

A move above the $72.00 level will push WTI oil towards the resistance level at $73.00 – $73.50.

Brent Oil

Brent oil tests new highs as Trump has also threatened to attack Iran in case the country does not agree to a nuclear deal.

If Brent oil climbs above the $75.00 level, it will head towards the resistance, which is located in the $77.00 – $77.50 range.

For a look at all of today’s economic events, check out our economic calendar.