Natural Gas
Natural gas tests new lows as traders focus on warmer weather forecasts, which indicate that demand would be lower than previously expected.
In case natural gas declines below the support at $3.25 – $3.30, it will move towards the next support level at $3.05 – $3.10.
WTI Oil
WTI oil continued to move higher as traders bet that supply from Venezuela will decline in the near term.
A successful test of the resistance at $60.00 – $60.50 will push WTI oil towards the $63.00 level.
Brent Oil
Brent oil gains ground, supported by geopolitical developments. Protests in Iran raise worries about stability of the country’s oil exports.
A move above the $64.00 level will lead to the test of the resistance at $64.50 – $65.00.
Natural Gas Price Forecast
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