Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Remains Stuck Near The $60.00 Level

Natural Gas

Natural gas continues to move away from recent highs as traders focus on warmer weather forecasts.

In case natural gas settles below the $4.40 level, it will head towards the nearest support, which is located in the $4.25 – $4.30 range.

WTI Oil

WTI oil continues its attempts to settle above the resistance at $60.00 – $60.50 as loadings from Russia’s Novorossiysk export hub resume after a two-day pause, which was caused by a drone attack.

The technical picture remains unchanged as WTI oil needs to settle above the $60.50 level to gain additional upside momentum in the near term.

Brent Oil

Brent oil is mostly flat as traders are not ready to increase purchases despite geopolitical risks.

In case Brent oil settles back below the $64.00 level, it will head towards recent lows near the $62.50 level.

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