Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Prepare For Trump – Putin Talks

Natural Gas

Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by +56 Bcf from the previous week.

If natural gas climbs above the $2.85 level, it will head towards the resistance at $3.00 – $3.05.

WTI Oil

WTI oil gains ground as traders focus on the upcoming U.S. – Russia talks. Short-covering may have served as an additional bullish catalyst for WTI oil.

A move above the $64.00 level will push WTI oil towards the resistance at $66.00 – $66.50.

Brent Oil

Brent oil is moving higher amid broad rally in the oil markets. RSI is in the moderate territory, and there is plenty of room to gain momentum in the near term.

From the technical point of view, Brent oil needs to settle above the resistance at $67.50 – $68.00 to gain sustainable upside momentum.

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