Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On Rising Supply

Natural Gas

Natural gas remains under pressure as traders rush out of their long positions amid warmer weather forecasts.

A successful test of the support at $4.70 – $4.75 will open the way to the test of the next support level at $4.40 – $4.45.

WTI Oil

WTI oil is losing ground amid supply glut worries. Traders also focus on the upcoming Fed decision, which will be released tomorrow.

In case WTI oil declines below the $58.00 level, it will move towards the support at $55.50 – $56.00.

Brent Oil

Brent oil declined towards the $62.00 level amid broad pullback in the oil markets.

In case Brent oil settles below $62.00, it will head towards the support at $60.50 – $61.00.

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