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

Key Insights

• Natural gas rebounds despite low demand and bearish weather forecasts.
• WTI oil moves away from session lows. 
• Brent oil made an attempt to settle above $91.50.

Natural Gas

Natural gas rebounds from recent lows despite low natural gas demand and bearish weather forecasts.

In case natural gas manages to settle above the resistance at $3.00 – $3.05, it will have a good chance to gain sustainable upside momentum.

WTI Oil

WTI oil moved away from session lows but traders remained cautious as Treasury yields tested new highs.

From the technical point of view, WTI oil received support near the $86.00 – $87.30 area and may try to gain additional upside momentum in the upcoming trading sessions.

Brent Oil

Brent oil has also moved higher amid a broad rebound in the oil markets.

Brent oil received support near the $90.00 level and made an attempt to settle above $91.50. A move above this level will open the way to the test of the recent highs near the $95.00 level.

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