Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs After Strong Jobs Report

Natural Gas

Natural gas gains ground as traders ignore yesterday’s EIA report and bet on rising demand.

If natural gas settles above the resistance at $3.85 – $3.90, it will head towards the next resistance level at $4.15 – $4.20.

WTI Oil

WTI oil tests new highs as traders react to the better-than-expected Non Farm Payrolls report.

If WTI oil moves above the $65.00 level, it will head towards the next resistance at $66.00 – $67.50.

Brent Oil

Brent oil is moving higher as traders remain focused on U.S. – China trade talks.

A successful test of the resistance level at $67.00 – $67.50 will open the way to the test of the next resistance level at $71.00 – $71.50.

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