Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 4.5% As Traders Focus On U.S. – China Trade War

Natural Gas

Natural gas is losing ground amid broad sell-off in the energy markets, which is driven by Trump’s threat to impose massive tariffs on China.

From the technical point of view, natural gas settled below the support at $3.25 – $3.30 and is moving towards the next support level at $3.00 – $3.05.

WTI Oil

WTI oil is under strong pressure as traders fear that trade war between U.S. and China will hurt demand for oil.

A move below the $58.00 level will push WTI oil towards the support level at $55.50 – $56.00.

Brent Oil

Brent oil is losing ground as traders react to Trump’s comments about China’s export controls on rare earths.

If Brent oil settles below the $62.00 level, it will head towards the nearest support, which is located in the $60.50 – $61.00 range.

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