Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs Ahead Of The Weekend

Natural Gas

Natural gas suffered a sell-off in a volatile trading session as traders focused on the recent changes in weather forecasts, which suggest warmer trends.

From the technical point of view, natural gas settled below the support at $3.20 – $3.25 and is moving towards the next support level at $3.00 – $3.05.

WTI Oil

WTI oil tested new highs as traders remained focused on rising geopolitical tensions. Russia announced that it would continue to test hypersonic missiles in battle, which was bullish for oil markets.

If WTI oil climbs above the resistance at $72.00 – $72.50, it will move towards the next resistance level at $75.50 – $76.00.

Brent Oil

Brent oil gains ground amid broad rally in the oil markets. Traders rush to buy Brent oil ahead of the weekend as geopolitical risks increase.

A move above the $75.00 level opens the way to the test of the resistance at $77.00 – $77.50.

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