Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Week Lows

Natural Gas

Natural gas is moving higher after strong pullback as traders buy the dip.

If natural gas stays above the $4.05 level, it will head towards the nearest resistance at $4.25 – $4.30.

WTI Oil

WTI oil tests new lows as traders worry about Trump’s tariff policy and react to disappointing economic data from the U.S. and Germany.

If WTI oil settles below the $69.00 level, it will move towards the nearest support, which is located in the $67.00 – $67.50 range.

Brent Oil

Brent oil is moving lower amid broad pullback in the oil markets, which is driven by demand fears.

From the technical point of view, Brent oil is moving towards the strong support level at $74.00 – $74.50.

For a look at all of today’s economic events, check out our economic calendar.