Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Evaluate Trump’s Tariff Threats

Natural Gas

Natural gas prices soared as traders focused on the Arctic cold front, which will boost demand for natural gas.

A successful test of the resistance at $3.70 – $3.75 will push natural gas towards the next resistance level, which is located in the $3.95 – $4.00 range.

WTI Oil

WTI oil is swinging between gains and losses as traders focus on Trump’s tariff threats.

From the technical point of view, WTI oil needs to settle above the resistance at $60.00 – $60.50 to gain upside momentum in the near term.

Brent Oil

Brent oil is mostly flat as traders evaluate the potential new round of a trade war between the U.S. and EU.

The technical picture remains unchanged as Brent oil needs to settle above the $65.00 level to gain additional upside momentum.

If you’d like to know more about how to trade crude oil, please visit our educational area.