Natural Gas
Natural gas retreats as traders react to cooler weather forecasts, which indicate that demand would be lower than previously expected.
A move below the $3.30 level will push natural gas towards the support at $3.00 – $3.05.
WTI Oil
WTI oil is swinging between gains and losses as traders doubt that new sanctions on Russia will have a material impact on supply from the country.
If WTI oil manages to settle above the $69.00 level, it will head towards the resistance level at $71.50 – $72.00.
Brent Oil
Brent oil is little changed at the start of the week. U.S. dollar’s pullback did not provide material support to oil markets.
From the technical point of view, Brent oil settled in a range between the support at $67.50 – $68.00 and the resistance at $71.00 – $71.50.
Natural Gas Price Forecast
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