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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On U.S. – Iran Talks
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Key Points:
- Natural gas is trying to settle above the $3.55 level.
- WTI oil moved higher as traders reacted to the first day of U.S. - Iran negotiations.
- Brent oil climbed above the $68.00 level.
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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About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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