Natural Gas
Natural gas continues to move higher as traders focus on colder weather forecasts.
A move above the $3.50 level will lead to the test of the nearest resistance level at $3.55 – $3.60.
WTI Oil
WTI oil pulls back as traders focus on the EIA Weekly Petroleum Status Report. The report indicated that crude inventories increased by 1.8 million barrels from the previous week, compared to analyst forecast of +1.5 million barrels.
In case WTI oil declines below the support at $60.00 – $60.50, it will move towards the next support level at $55.50 – $56.00.
Brent Oil
Brent oil is under pressure as traders worry that too many barrels of oil will enter the market after OPEC+ raises production by 500,000 bpd.
A successful test of the resistance at $65.50 – $66.00 will push Brent oil towards the next support level at $60.50 – $61.00.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Natural Gas forecastsFor a look at all of today’s economic events, check out our economic calendar.