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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives As Supply Concerns Ease
Natural Gas: chart Natural gas remains under pressure as traders focus on warmer weather trends. Low trading volumes served as a significant catalyst for the recent volatility. From the technical point of view, natural gas failed to settle above the resistance at $3.60 – $3.75 and is moving back towards the support at $3.00 – $3.05. WTI Oil: chart WTI oil gained strong downside momentum as concerns about Middle East supply eased. While Israel sent its ground forces into the Gaza Strip to defeat Hamas, it was not a full-scale operation, which was bearish for oil prices. WTI oil remains stuck in a range between ... (full story)