Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As U.S. Imposes New Sanctions On Iran

Natural Gas

Natural gas pulls back as traders focus on bearish changes in weather forecasts, which indicate that demand could be weaker in early March.

In case natural gas settles below the support at $4.00 – $4.05, it will head towards the next support level, which is located in the $3.55 – $3.60 range.

WTI Oil

WTI oil is moving higher as traders focus on the new round of U.S. sanctions against Iran.

A move above the $71.00 level will open the way to the test of the resistance at $73.00 – $73.50.

Brent Oil

Brent oil has also moved higher in today’s trading session as some traders were ready to buy the dip.

In case Brent oil settles back above the $75.00 level, it will head towards the resistance level at $77.00 – $77.50.

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