Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 7% As Trump Pauses Tariffs On Most Countries

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.