Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As OPEC+ May Raise Production

Natural Gas

Natural gas continues its attempts to settle above the resistance at $3.00 – $3.05 as traders stay bullish.

A successful test of the resistance at $3.00 – $3.05 will open the way to the test of the next resistance level at $3.25 – $3.30.

WTI Oil

WTI oil pulls back amid reports indicating that OPEC+ will decide to boost output at the meeting on Sunday.

If WTI oil stays below the $63.50 level, it will head towards recent lows near the $62.00 level.

Brent Oil

Brent oil is under pressure as traders worry about rising production from OPEC+ countries.

From the technical point of view, Brent oil failed to settle above the resistance at $67.50 – $68.00.

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