Natural Gas
Natural gas remains stuck near the support at $3.05 – $3.10 as traders react to the recent EIA report and focus on weather forecasts.
The technical picture remains unchanged as natural gas needs to settle above the resistance at $3.25 – $3.30 to gain additional upside momentum in the near term.
WTI Oil
WTI oil gained ground as traders remained focused on the situation in Iran. Traders are worried that U.S. may ultimately deliver strikes against the country.
From the technical point of view, WTI oil needs to settle back above the resistance at $60.00 – $60.50 to gain additional upside momentum in the near term.
Brent Oil
Brent oil is moving higher amid broad rebound in the oil markets. Traders used the pullback as an opportunity to increase their long positions.
A move above the $65.00 level will push Brent oil towards recent highs near the $66.80 level.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Natural Gas forecastsIf you’d like to know more about how commodity markets work, please visit our educational area.
