Natural gas gains ground as traders bet on rising demand.
WTI oil moved higher as traders hoped that U.S. - China talks would be successful.
Brent oil climbed towards the $64.00 level.
Natural Gas
Natural Gas 090525 Daily Chart
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 090525 Daily Chart
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 090525 Daily Chart
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.
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.