Natural Gas
Natural gas found support near the $3.00 level and is trying to rebound after the pullback.
In case natural gas settles back above the $3.10 level, it will head towards the nearest resistance, which is located in the $3.20 – $3.25 range.
WTI Oil
WTI oil managed to move away from session lows despite worries about the impact of potential tariffs on Canada and Mexico.
In case WTI oil manages to settle back above the $73.50 level, it will have a chance to gain additional upside momentum and move towards the $75.00 level.
Brent Oil
Brent oil tested new lows as traders remained focused on tariff threats. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.
If Brent oil declines below the 50 MA at $75.29, it will move towards the next support level, which is located in the $71.00 – $71.50 range.
Natural Gas Price Forecast
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