Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Crude Inventories Rise

Natural Gas

Natural gas made another attempt to settle above the resistance at $2.25 – $2.30 as traders prepared for the EIA report, which will be released tomorrow.

In case natural gas climbs above the $2.30 level, it will head towards the next resistance at $2.45 – $2.50.

WTI Oil

WTI oil is under strong pressure as traders react to the EIA report, which showed that crude inventories increased by 1.4 million barrels.

If WTI oil manages to settle below the $77.00 level, it will get to the test of the nearest support at $75.50 – $76.50.

Brent Oil

Brent oil continues to lose ground after an unsuccessful attempt to settle above the resistance at $81.50 – $82.00.

If Brent oil stays below the $80.00 level, it will head towards the support at $77.00 – $78.00.

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