Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests New Lows On Oversupply Concerns

Natural Gas

Natural gas remains under pressure as weather forecasts stay bearish. Currently, natural gas is trying to settle below the support at $4.15 – $4.20.

In case this attempt is successful, natural gas will head towards the next support level at $3.90 – $3.95.

WTI Oil

WTI oil is losing ground as traders ignore falling Venezuelan oil exports and focus on the potential Ukraine peace deal.

A successful test of the support at $55.50 – $56.00 will open the way to the test of the next support level at $51.50 – $52.00.

Brent Oil

Brent oil is under pressure amid broad pullback in the oil markets, which is driven by oversupply concerns.

A move below the $60.00 level will push Brent oil towards the support at $56.50 – $57.00.

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