Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Week Lows

Natural Gas

Natural gas is losing ground as traders focus on bearish changes in weather forecasts.

In case natural gas settles below the $2.90 level, it will move towards the support at $2.70 – $2.75.

WTI Oil

WTI oil gains ground as traders bet on a rebound after the strong pullback from recent highs.

A move above the $64.50 level will push WTI oil towards the resistance level at $66.00 – $66.50.

Brent Oil

Brent oil is also moving higher as traders continue to take profits after the strong move.

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

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