Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Tests The $60 Level

Natural Gas

Natural gas pulled back from session highs as traders focused on warmer weather forecasts.

A move below the $4.25 level will push natural gas towards the support level at $4.00 – $4.25.

WTI Oil

WTI oil is swinging between gains and losses amid oversupply concerns. It should be noted that traders are not ready for big moves and wait for additional catalysts.

From the technical point of view, WTI oil needs to settle back above the resistance at $60.00 – $60.50 to gain additional upside momentum in the near term.

Brent Oil

Brent oil remains stuck below the resistance at $64.50 – $65.00 amid lack of positive catalysts.

If Brent oil pulls back below the $63.00 level, it will head towards the support at $60.50 – $61.00.

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