Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Ahead Of OPEC+ Decision

Natural Gas

Natural gas made an attempt to settle below the $3.00 level but failed to develop sufficient downside momentum.

If natural gas settles below $3.00, it will move towards the next support level at $2.75 – $2.80.

WTI Oil

WTI oil is losing ground as traders prepare for OPEC+ decision, which will be released tomorrow.

The nearest support level for WTI oil is located in the $67.00 – $67.50 range. A move below the $67.00 level will provide WTI oil with an opportunity to gain strong downside momentum.

Brent Oil

Brent oil is moving lower amid broad pullback in the oil markets. Traders remain worried about the strength of demand for oil in the upcoming months.

A successful test of the support at $71.00 – $71.50 will push Brent oil towards the next support level at $67.50 – $68.00.

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