Natural Gas
Natural gas is losing ground as traders remain bearish. Weather forecasts point to high demand in the upcoming days. However, these forecasts do not provide sufficient support to natural gas markets.
A successful test of the support at $3.35 – $3.40 will open the way to the test of the next support level at $3.05 – $3.10.
WTI Oil
WTI oil tested new highs as traders bet on rising demand despite a new wave of tariffs.
In case WTI oil stays above the $68.00 level, it will head towards the resistance at $71.50 – $72.00.
Brent Oil
Brent oil is trying to settle above the $70.00 level as the market continues to recover after the strong pullback in late June.
The nearest resistance level for Brent oil is located in the $71.00 – $71.50 range. A move above $71.50 will push Brent oil towards the resistance at $75.00 – $75.50.
Natural Gas Price Forecast
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