Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds After Sell-Off

Natural Gas

Natural gas tests new highs as traders focus on the impact of Hurricane Helene. Demand is expected to stay low, but bulls are ready to test the resistance at $2.85 – $2.90.

In case natural gas settles above the $2.90 level, it will move towards the next resistance level at $3.05 – $3.10.

WTI Oil

WTI oil is trying to rebound after the recent sell-off. From a big picture point of view, traders will stay worried about potential changes in OPEC+ production policy.

If WTI oil manages to settle back above the $68.50 level, it will head towards the resistance at $72.00 – $72.50 range.

Brent Oil

Brent oil is also moving higher as some traders are ready to bet on a rebound from current levels.

From the technical point of view, Brent oil needs to settle back above the resistance at $72.50 – $73.00 to have a chance to gain sustainable upside momentum in the near term.

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