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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back As Supply Concerns Ease

From fxempire.com

Natural Gas: {chart} Natural gas gains ground as traders take some profits off the table after the strong pullback. From the technical point of view, natural gas needs to settle back above $3.05 to have a chance to gain upside momentum. WTI Oil: {chart} WTI oil pulls back as traders focus on the diplomatic efforts in the Middle East. Traders bet that oil supply routes will remain safe. In case WTI oil settles below the $86.00 level, it will head towards the next support, which is located in the $80.50 – $82.00 range. Brent Oil: {chart} Brent oil is also losing ground as the worst-case scenario, which implies the ... (full story)

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  • Category: Technical Analysis