Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Tests The $65 Level

Natural Gas

Natural gas moved higher as traders focused on the EIA report, which indicated that working gas in storage increased by +75 Bcf from the previous week. The report met analyst estimates.

In case natural gas manages to settle above the $2.90 level, it will move towards the nearest resistance at $3.00 – $3.05.

WTI Oil

WTI oil is mostly flat as traders react to the strong U.S. GDP Growth Rate report, which reduced chances for a rate cut at the next Fed meeting.

If WTI oil climbs above the $65.00 level, it will head towards the nearest resistance level, which is located in the $66.00 – $66.50 range.

Brent Oil

Brent oil is swinging between gains and losses as traders focus on strong dollar and take some profits off the table after the recent move.

The technical picture remains bullish as Brent oil managed to stay above the resistance at $67.50 – $68.00.

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