Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Highs On Tariff Hopes

Natural Gas

Natural gas gains ground as traders bet that demand will increase due to warmer weather.

If natural gas settles above the $3.80 level, it will head towards the resistance level at $3.95 – $4.00.

WTI Oil

WTI oil tests new highs as traders stay bullish ahead of U.S. – China trade talks. Rising tensions in the Middle East provide additional support to oil markets.

In case WTI oil settles above the $61.00 level, it will head towards the resistance at $62.50 – $63.00.

Brent Oil

Brent oil is trying to settle above the $64.00 level as traders bet that U.S. and China will lower tariffs.

If Brent oil climbs above $64.00, it will head towards the nearest resistance level at $67.00 – $67.50.

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