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Natural Gas, WTI Oil, Brent Oil – Natural Gas Gains Ground As Traders Bet On Warmer Weather
Natural Gas chart Natural gas is moving higher ahead of tomorrow’s EIA report. Weather forecasts imply hotter weather from June 15, which is bullish for natural gas. The technical picture is unchanged as natural gas remains stuck in the $2.20 – $2.35 range. R1:$2.35 – R2:$2.60 – R3:$2.85 S1:$2.20 – S2:$2.00 – S3:$1.80 WTI Oil: chart WTI oil gained ground as traders reacted to the EIA report, which showed that crude inventories declined by 0.5 million barrels from the previous week. A move above $73.50 will push WTI oil towards the resistance at $74.70. On the support side, a successful test of the ... (full story)