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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dives 4% On Demand Concerns
Natural Gas: chart Natural gas continues its attempts to settle below the support at $2.40 – $2.45 as weather forecasts remain bearish. Traders should note that RSI is in the oversold territory, so the risks of a pullback are increasing. WTI Oil: chart WTI oil tests new lows as traders stay focused on demand concerns. Interestingly, an attack on Norwegian tanker by Yemen’s Houthis did not provide any support to oil prices. If WTI oil settles below the support at $67.50 – $68.50, it will head towards the next support level at $64.00 – $64.50. Brent Oil: chart Brent oil retreats as traders bet that oil ... (full story)