Natural Gas
Natural gas tests new lows as traders react to the EIA report, which indicated that working gas in storage increased by +80 Bcf from the previous week.
In case natural gas stays below the $3.00 level, it will head towards the support at $2.75 – $2.80.
WTI Oil
WTI oil is moving lower as traders focus on the EIA report, which showed that crude inventories increased by +3.5 million barrels from the previous week.
A move below the $57.00 level will push WTI oil towards the support at $55.50 – $56.00.
Brent Oil
Brent oil is under pressure amid broad pullback in the oil markets. Traders focus on strong supply.
A successful test of the support at $60.50 – $61.00 will open the way to the test of the next support level at $57.00 – $57.50.
Natural Gas Price Forecast
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