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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs As Trump Plans To Cut Venezuelan Exports

By: 
Vladimir Zernov
Natural Gas, WTI Oil, Brent Oil Forecasts

Key Points:

  • Natural gas retreats as traders react to warmer weather.
  • WTI oil gains ground as traders focus on plans to cut Venezuelan exports.
  • Brent oil climbed towards the $73.00 level.

Natural Gas

Natural Gas
Natural Gas 240325 Daily Chart

Natural gas pulled back as traders focused on warmer weather, which is bearish for natural gas prices.

In case natural gas settles below the $3.90 level, it will move towards the support at $3.70 – $3.75.

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WTI Oil

WTI Oil
WTI Oil 240325 Daily Chart

WTI oil tests new highs as U.S. President Donald Trump announced that countries that buy Venezuelan oil will face 25% tariffs.

If WTI oil climbs above the $70.00 level, it will head towards the 50 MA at $71.20.

Brent Oil

Brent Oil
Brent Oil 240325 Daily Chart

Brent oil is moving higher as traders focus on Trump’s plans to reduce exports from Venezuela.

A move above the $73.00 level will push Brent oil towards the 50 MA at $74.68.

Natural Gas Price Forecast

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About the Author

Vladimir ZernovFutures Trading Expert

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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