Natural Gas
Natural gas pulled back from session highs as traders took some profits off the table after the strong rally.
If natural gas declines below the $3.55 level, it will head towards the support at $3.20 – $3.25.
WTI Oil
WTI oil rebounded from session lows as Trump’s reciprocal tariffs will not take effect immediately. Traders bet that tariff threat will lead to successful negotiations.
In case WTI oil stays above the $71.00 level, it will head towards the resistance level, which is located in the $73.00 – $73.50 range.
Brent Oil
Brent oil has also managed to rebound from session lows. From a big picture point of view, traders will stay focused on potential U.S. – Russia negotiations, which may have a material impact on the oil market.
A move above the $75.00 level opens the way to the test of the 50 MA at $75.81.
Natural Gas Price Forecast
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