Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats On Profit-Taking

Natural Gas

Natural gas remains under pressure amid lack of support from weather forecasts.

In case natural gas stays below the $3.60 level, it will head towards the next support level at $3.35 – $3.40.

WTI Oil

WTI oil tested new highs but lost momentum and pulled back as traders have started to take profits near multi-week highs.

A move below the $64.00 level will push WTI oil towards the support level at $62.50 – $63.00.

Brent Oil

Brent oil made an attempt to settle above the resistance at $67.00 – $67.50 but failed to develop sufficient momentum and pulled back.

In case Brent oil stays below the $67.00 level, it will head towards the 50 MA at $65.16.

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