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Natural Gas, WTI Oil, Brent Oil Forecasts – Traders Stay Focused On Iran
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Key Points:
- Natural gas gained strong upside momentum, supported by cold weather.
- WTI oil made an attempt to settle above the $66.00 level.
- Brent oil pulled back amid profit-taking.
Natural Gas
Natural gas rallies as traders react to the recent EIA report and focus on cold weather.
In case natural gas settles above the $4.30 level, it will head towards the next resistance at $4.55 – $4.60.
WTI Oil
WTI oil continues its attempts to settle above the resistance at $65.50 – $66.00 as traders focus on U.S. – Iran tensions.
A move above the $66.00 level will push WTI oil towards the next resistance at $70.00 – $70.50.
Brent Oil
Brent oil is losing ground as traders take some profits off the table after the strong rally.
If Brent oil manages to settle above the $70.00 level, it will move towards the next resistance, which is located in the $73.00 – $73.50 range.
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About the Author
Vladimir Zernovauthor
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.
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