Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Focus On EIA Data

Natural Gas

Natural gas tests new lows as traders prepare for the EIA report, which will be released tomorrow.

If natural gas settles below the $3.50 level, it will head towards the next support level at $3.35 – $3.40.

WTI Oil

WTI oil moved away from session lows as traders reacted to the EIA report, which indicated that crude inventories increased by 3.5 million barrels from the previous week.

In case WTI oil manages to settle above the 50 MA at $64.24, it will move towards the resistance at $66.00 – $66.50.

Brent Oil

Brent oil remains stuck below the key resistance at $67.00 – $67.50 as traders focus on U.S. deals in the Middle East.

A move above the $67.50 level will push Brent oil towards the resistance at $71.00 – $71.50.

For a look at all of today’s economic events, check out our economic calendar.