Natural Gas
Natural gas gains ground as traders bet on a rebound after the strong sell-off.
In case natural gas manages to settle above the $2.80 level, it will head towards the resistance at $3.00 – $3.05.
WTI Oil
WTI oil remains under pressure as traders react to the EIA report, which indicated that crude inventories increased by 3 million barrels from the previous week.
A move below the $62.50 level will push towards the support level at $60.00 – $60.50.
Brent Oil
Brent oil is moving lower amid lack of positive catalysts. Traders stay focused on rising supply from OPEC+ countries.
RSI remains in the moderate territory, and there is plenty of room to gain additional downside momentum in the near term.
Natural Gas Price Forecast
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