Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Remains Under Pressure

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.

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