Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Trump Says It’s Late To Talk With Iran

Natural Gas

Natural gas  continues to move higher as traders react to the EIA report, which indicated that working gas in storage increased by +95 Bcf from the previous week, compared to analyst forecast of +96 Bcf.

A move above the $4.00 level will push natural gas towards the next resistance level at $4.15 – $4.20.

WTI Oil

WTI oil rebounded from session lows as President Donald Trump declined to comment whether he planned to join Israel’s military operation against Iran.

If WTI oil settles back above the $75.00 level, it will head towards the resistance at $77.00 – $77.50.

Brent Oil

Brent oil has also moved away from session lows as traders monitored the situation in the Middle East.

RSI is in the overbought territory, but there is enough room to gain additional momentum in case the right catalysts emerge.

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