Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds After Pullback

Natural Gas

Natural gas gained ground as traders took some profits off the table after the strong pullback.

A move above the $3.15 level will open the way to the test of the resistance at $3.25 – $3.30.

WTI Oil

WTI oil is moving higher as traders buy the dip despite worries about U.S. – China trade war.

From the technical point of view, WTI oil needs to settle back above the resistance at $60.00 – $60.50 to have a chance to gain upside momentum in the near term.

Brent Oil

Brent oil climbed back above the $63.00 level and made an attempt to settle above $64.00.

A move above $64.00 will lead to the test of the nearest resistance, which is located in the $64.50 – $65.00 range.

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