Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds At The Start Of The Week

Natural Gas

Natural gas rebounds from recent lows as traders take some profits off the table after the strong pullback.

A move above the $2.30 level will open the way to the test of the nearest resistance at $2.40 – $2.45.

WTI Oil

WTI oil gains ground at the start of the week as traders wait for additional catalysts and stay focused on the situation in the Middle East.

If WTI oil moves above the $71.00 level, it will head towards the nearest resistance at $72.00 – $72.50.

Brent Oil

Brent oil received support near the $73.00 level and is trying to settle back above $74.00.

In case this attempt is successful, Brent oil will move towards the 50 MA at $75.63.

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