Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Pulled Back From Session Highs

Natural Gas

Natural gas remains under pressure as traders focus on mild weather forecasts.

A successful test of the support at $3.55 – $3.60 will push natural gas towards the next support level at $3.20 – $3.25.

WTI Oil

WTI oil pulled back from session highs as supply disruption in Libya did not provide sufficient support to prices.

If WTI oil settles below the $73.00 level, it will move towards the 50 MA at $71.83.

Brent Oil

Brent oil has also lost momentum and pulled back towards the support at $77.00 – $77.50.

RSI remains in the moderate territory, and there is plenty of room to gain momentum in case the right catalysts emerge.

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