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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Evaluate Trump’s Tariff Threats
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Key Points:
- Natural gas prices rallied as traders reacted to cold weather forecasts.
- WTI oil settled below the $60.00 level as traders focused on Trump's tariff threats.
- Brent oil climbed back above the $64.00 level.
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.
About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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