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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Remains Under Pressure
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Key Points:
- Natural gas rebounds amid strong demand due to Arctic blast.
- WTI oil is moving lower as traders remain focused on Trump's tariff policy.
- Brent oil continues its attempts to settle below the $79.00 level.
Natural Gas
Natural gas gained strong upside momentum as traders focused on current demand due to Arctic blast.
In case natural gas manages to settle back above the resistance at $3.95 – $4.00, it will move towards the next resistance level at $4.25- $4.30.
WTI Oil
WTI oil remains under pressure as traders are worried that Trump’s tariff plans would hurt demand.
If WTI oil settles below the psychologically important $75.00 level, it will move towards the next support level at $73.00 – $73.50.
Brent Oil
Brent oil is losing some ground amid broad pullback in the oil markets. At this point, Brent oil needs significant positive catalysts to break the current trend.
A move below the $79.00 level will push Brent oil towards the support level at $77.00 – $77.50.
For a look at all of today’s economic events, check out our economic calendar.
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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