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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 7% As Trump Pauses Tariffs On Most Countries
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Key Points:
- Natural gas rebounded above $3.70.
- WTI oil rallied above $62.00 as traders reacted to tariff news.
- Brent oil climbed above the $65.00 level.
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Natural Gas
Natural gas rebounds amid broad rally in the energy markets, which was triggered by tariff news.
A move above the resistance at $3.70 – $3.75 will open the way to the test of the next resistance level at $4.00 – $4.05.
WTI Oil
WTI oil rallied as Donald Trump announced that he would pause tariffs for 90 days for non-retaliating countries. Meanwhile, he also raised China tariff to 125%.
If WTI oil climbs above the resistance at $62.50 – $63.00, it will head towards the next resistance level at $67.00 – $67.50.
Brent Oil
Brent oil rebounded from yearly lows and gained strong upside momentum as traders focused on recent developments in trade wars.
If Brent oil stays above the $65.00 level, it will head towards the resistance at $67.00 – $67.50.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir ZernovFutures Trading Expert
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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