Natural Gas
Natural gas pulls back as traders focus on weather forecasts, which point to lower demand than previously expected.
If natural gas pulls back below the $3.60 level, it will head towards the support level at $3.35 – $3.40.
WTI Oil
WTI oil tested new highs as traders focused on the results of U.S. – China trade negotiations.
In case WTI oil settles above the $63.00 level, it will head towards the 50 MA at $64.42.
Brent Oil
Brent oil moved higher amid broad rally in the oil markets. It should be noted that Brent oil pulled back from session highs as traders took some profits off the table after the strong rebound from May lows.
In case Brent oil settles back above the $65.00 level, it will head towards the nearest resistance at $67.00 – $67.50.
Natural Gas Price Forecast
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