Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Remains Under Pressure At The Start Of The Week

Natural Gas

Natural gas rallied as traders focused on weather forecasts, which have trended colder over the weekend.

In case natural gas stays above the resistance at $3.25 – $3.30, it will move towards the next resistance level at $3.55 – $3.60.

WTI Oil

WTI oil rebounded from session lows but remained under pressure amid concerns about supply glut.

In case WTI oil manages to settle back above the $58.00 level, it will head towards the resistance level at $60.00 – $60.50.

Brent Oil

Brent oil continued its attempts to settle below the nearest support, which is located in the $60.50 – $61.00 range.

RSI remains in the moderate territory, so there is plenty of room to gain additional downside momentum in case the right catalysts emerge.

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