Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats As Trump Threatens Sanctions On Buyers Of Russian Oil

Natural Gas

Natural gas gains ground as traders focus on recent changes in weather forecasts, which indicate that demand should increase.

If natural gas stays above the $3.40 level, it will head towards the resistance at $3.60 – $3.65.

WTI Oil

WTI oil pulled back as U.S. President Donald Trump did not announce immediate sanctions on Russian oil.

In case WTI oil declines below the $66.00 level, it will move towards the 50 MA at $65.20.

Brent Oil

Brent oil moved towards the $69.00 level amid broad pullback in the oil markets.

A move below $69.00 will open the way to the test of the nearest support level, which is located in the $67.50 – $68.00 range.

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