Natural Gas
Natural gas pulled back as traders remained worried about the strength of demand in the near term.
From the technical point of view, natural gas settled between the support at $2.20 – $2.25 and the resistance at $2.40 – $2.45.
WTI Oil
WTI oil continues to rebound as traders focus on the situation in the Middle East and hope that China’s stimulus measures would provide some support to oil demand.
If WTI oil manages to settle above the resistance at $72.00 – $72.50, it will head towards the next resistance, which is located in the $77.00 – $77.50 range.
Brent Oil
Brent oil gains ground amid broad rally in commodity markets. Currently, Brent oil is trying to settle above the 50 MA at $75.52.
In case this attempt is successful, Brent oil will move towards the nearest resistance level at $77.00 – $77.50.
Natural Gas Price Forecast
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