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

Natural Gas

Natural gas rebounded from session lows and tested the nearest resistance level at $3.35 – $3.40.

If natural gas climbs above the $3.40 level, it will head towards the next resistance, which is located in the $3.60 – $3.65 range.

WTI Oil

WTI oil pulled back amid reports indicating that the U.S. and Iran reached progress in nuclear deal talks.

If WTI oil settles below the $60.00 level, it will move towards the support at $57.50 – $58.00.

Brent Oil

Brent oil is moving lower as traders worry that OPEC+ will continue to increase supply in the upcoming months.

If Brent oil declines below the $64.00 level, it will move towards the support at $62.00 – $62.50.

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