Natural Gas
Natural gas rallied as traders focused on tariffs, which were imposed on Canada. Colder weather forecasts provided additional support to natural gas markets.
If natural gas settles above the $3.35 level, it will move towards the next resistance at $3.55 – $3.60.
WTI Oil
WTI oil pulled back as U.S. tariffs on Mexico were paused for a month after the countries reached a border deal.
A move below the 50 MA at $72.15 will open the way to the test of the psychologically important $70.00 level.
Brent Oil
Brent oil has also pulled back from session highs as traders reacted to recent developments in trade wars.
RSI remains in the moderate territory, so there is plenty of room to gain momentum in the near term.
Natural Gas Price Forecast
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