Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On U.S. – Iran Talks

Natural Gas

Natural gas continues its attempts to settle above the resistance at $3.50 – $3.55 as traders stay bullish ahead of the weekend.

In case natural gas manages to settle above the $3.55 level, it will move towards the resistance level at $3.95 – $4.00.

WTI Oil

WTI oil gains ground as traders focus on U.S. – Iran negotiations. Global market rebound provides additional support to oil prices.

If WTI oil settles above the $64.50 level, it will head towards the resistance level at $65.50 – $66.00.

Brent Oil

Brent oil has also moved higher as traders bet that U.S. and Iran would not reach a deal.

From the technical point of view, Brent oil needs to settle above the resistance at $69.50 – $70.00 to gain additional upside momentum.

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