Natural Gas, WTI Oil, Brent Oil Forecasts – Traders Stay Focused On Iran

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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