Advertisement
Advertisement
Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Tests New Lows As Pullback Continues
By:
Live PriceNatural Gas
$2.81550
-0.65%
Key Points:
- Natural gas gains ground after the release of the EIA report.
- WTI oil is heading towards the $70.00 level amid demand concerns.
- Brent oil pulled back towards the $74.00 level.
Natural Gas
Natural gas gains ground as traders react to EIA Weekly Natural Gas Storage Report, which indicated that working gas in storage decreased by -174 Bcf from the previous week.
A move above the $3.40 level will push natural gas towards the resistance level at $3.55 – $3.60.
WTI Oil
WTI oil tests new lows despite new sanctions on Iranian oil as traders focus on the potential impact of U.S. – China trade war.
In case WTI oil declines below the $70.00 level, it will head towards the support level at $67.00 – $67.55.
Brent Oil
Brent oil remains under pressure amid broad pullback in the oil markets. From a big picture point of view, Brent oil has lost all gains that were made in 2025.
A move below the $74.00 level will open the way to the test of the support level at $71.00 – $71.50.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir ZernovFutures Trading Expert
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
