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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As U.S. Weighs Action Against Iran
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Key Points:
- Natural gas continues to move higher amid colder weather forecasts.
- WTI oil rallied as traders bet that U.S. may strike Iran amid protests in the country.
- Brent oil climbed above the $65.00 level.
Natural Gas
Natural gas gains ground as rebound continues. Colder weather forecasts provided material support to natural gas markets in today’s trading session.
A move above the $3.50 level will push natural gas towards the nearest resistance at $3.70 – $3.75.
WTI Oil
WTI oil is moving higher as traders focus on the potential U.S. action against Iran.
In case WTI oil stays above the resistance at $60.00 – $60.50, it will move towards the next resistance level at $65.50 – $66.00.
Brent Oil
Brent oil gained ground as traders worried that U.S. may strike Iran amid protests in the country.
From the technical point of view, Brent oil needs to stay above the $65.00 level to have a chance to gain upside momentum in the near term.
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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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