Natural Gas
Natural gas rallied as traders reacted to cold weather forecasts. Short-covering provided additional support to prices.
If natural gas settles above the 50 MA at $3.84, it will move towards the nearest resistance at $3.95 – $4.00.
WTI Oil
WTI oil gained ground as traders remained focused on Trump’s tariff threats and weighed the potential impact of a new round of trade war.
In case WTI oil manages to settle above the resistance at $60.00 – $60.50, it will head towards recent highs near the $62.50 level.
Brent Oil
Brent oil is moving higher amid broad rally in the oil markets. Traders do not believe that Greenland dispute will put pressure on demand for oil.
A successful test of the resistance at $64.50 – $65.00 will push Brent oil towards the $67.00 level.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Natural Gas forecastsIf you’d like to know more about how commodity markets work, please visit our educational area.
