Natural Gas
Natural gas is trying to settle back above the resistance at $3.00 – $3.05 as traders increase their long positions after a multi-day pullback.
A move above $3.05 will open the way to the test of the next resistance at $3.25 – $3.30.
WTI Oil
WTI oil rebounded from session lows as U.S. President Donald Trump noted that he could extend the tariff deadline to provide more space for negotiations with China.
The technical picture remains bearish, and WTI oil needs additional positive catalysts to break the current trend.
Brent Oil
Brent oil managed to gain some ground as traders remained focused on U.S – China trade war.
In case Brent oil settles below the support at $60.50 – $61.00, it will head towards the next support level, which is located in the $57.00 – $57.50 range.
Natural Gas Price Forecast
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