Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Traders Focus On U.S. Jobs Data

Natural Gas

Natural gas tests new lows as pullback continues. Traders remain worried that demand will be weak due to mild weather.

RSI remains in the moderate territory, so there is enough room to gain additional downside momentum.

WTI Oil

WTI oil pulls back as traders react to the disappointing Non Farm Payrolls report and worry that the U.S. economy is slowing down.

In case WTI oil moves below the $69.00 level, it will head towards the support level at $67.00 – $67.50.

Brent Oil

Brent oil retreats as traders ignore reports indicating that Iran prepares a potential strike on Israel.

A move below the $73.00 level will push Brent oil towards the support at $71.00 – $71.50.

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