Key Insights
- Natural gas moved below the $2.60 level as traders focused on the bearish changes in weather forecasts.
- WTI oil rebounded from session lows as traders remained bullish.
- Brent oil moved back above the $85.00 level.
Natural Gas
Natural gas is trying to settle below the $2.60 level as cooler weather trend serves as a negative catalyst.
In case this attempt is successful, natural gas will move towards the support in the $2.35 – $2.40 range.
WTI Oil
WTI oil rebounded from session lows as traders remained focused on tightening supply.
If WTI oil climbs above the $81.75 level, it will head towards the next resistance, which is located in the $86.00 – $87.30 range.
Brent Oil
Brent oil has also managed to get away from session lows. The general market sentiment remains bullish as bears cannot find negative catalysts.
In case Brent oil manages to settle above the resistance in the $85.10 – $86.00 area, it will head towards the resistance at $88.80 – $90.00.
For a look at all of today’s economic events, check out our economic calendar.
