Natural Gas
Natural gas pulls back after an unsuccessful attempt to settle above the resistance level at $4.25 – $4.30.
In case natural gas manages to settle below the support at $3.95 – $4.00, it will move towards the next support level, which is located in the $3.55 – $3.60 range.
WTI Oil
WTI oil is losing ground as the oil market continues to stabilize after the recent rally.
A move below the support at $77.00 – $77.50 will provide WTI oil with a chance to gain additional downside momentum.
Brent Oil
Brent oil is moving lower amid broad pullback in the oil markets. The strong economic data from China did not provide support to oil prices in today’s trading session.
A move below the psychologically important $80.00 level will open the way to the test of the support level at $77.00 – $77.50.
Natural Gas Price Forecast
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