Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats Amid Progress In U.S. – Iran Talks

Natural Gas

Natural gas  tests new lows as traders focus on mild weather forecasts, which indicate that demand will stay moderate.

In case natural gas settles below the support at $3.05 – $3.10, it will head towards the next support level at $2.70 – $2.75.

WTI Oil

WTI oil pulls back amid reports indicating that U.S. and Iran achieved some progress in nuclear deal talks.

If WTI oil pulls back below the $62.50 level, it will head towards the psychologically important $60.00 level.

Brent Oil

Brent oil is losing ground as traders worry that U.S. – China trade war will hurt demand for oil.

A move below the $65.00 level will open the way to the test of the support at $62.00 – $62.50.

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