Natural Gas
Natural gas pulled back as traders reacted to the EIA report, which indicated that working gas in storage increased by +101 Bcf from the previous week.
A move below the $3.50 level will push natural gas towards the support level at $3.35 – $3.40.
WTI Oil
WTI oil is losing ground as traders react to the EIA report, which showed that crude inventories decreased by -2.8 million barrels from the previous week.
If WTI oil settles below the $60.00 level, it will move towards the support level at $57.50 – $58.00.
Brent Oil
Brent oil lost momentum and pulled back towards the $64.00 level. From a big picture point of view, Brent oil stays range-bound.
In case Brent oil manages to settle below the $64.00 level, it will head towards the support level at $62.00 – $62.50.
Natural Gas Price Forecast
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