Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Stay Bullish

Natural Gas

Natural gas attempts to rebound after yesterday’s sell-off, which was triggered by the disappointing EIA report.

If natural gas climbs above the $4.05 level, it will move towards the resistance level at $4.25 – $4.30.

WTI Oil

WTI oil rebounded from session lows as traders remained focused on new Iran-related sanctions and OPEC+ plans to cut output for members who have previously exceeded their quotas.

If WTI oil settles above recent highs at $68.70, it will move towards the psychologically important $70.00 level.

Brent Oil

Brent oil managed to climb back above the $72.00 level as traders remained bullish ahead of the weekend.

In case Brent oil settles above $72.00, it will head towards the 50 MA at $74.84.

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