-
Natural Gas, WTI Oil, Brent Oil – Oil Markets Rebound After Sell-Off
Natural Gas: chart Natural gas is mostly unchanged after the release of the EIA report, which exceeded analyst estimates. The technical picture remains unchanged as natural gas is 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 has recently managed to rebound from session lows. The sell-off was triggered by reports about a potential oil exports deal between U.S. and Iran. If WTI oil settles back above $71.70, it will move towards the resistance at $73.50. A move above this level will push WTI oil towards the $74.70 level. R1:$71.70 ... (full story)