Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 5% As U.S. Economy Slows Down

Natural Gas

Natural gas has managed to settle below the key support at $2.00 – $2.05 and is moving lower.

If natural gas declines below the $1.90 level, it will head towards the support at $1.80 – $1.85.

WTI Oil

WTI oil is under strong pressure as U.S. Unemployment Rate increased from 4.1% to 4.3%, highlighting the slowdown of the economy.

From the technical point of view, WTI oil settled below the previous support at $75.50 – $76.50 and is moving towards the next support level at $71.50 – $72.50.

Brent Oil

Brent oil tests new lows as traders react to the disappointing economic data from the U.S.

If Brent oil settles below the $77.00 level, it will head towards the next support, which is located in the $72.50 – $73.50 range.

For a look at all of today’s economic events, check out our economic calendar.