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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Dips On Demand Worries
Natural Gas: chart Natural gas is trying to find a bottom but weather forecasts point to low demand, which is bearish for natural gas markets. In case natural gas manages to climb back above the $1.65 level, it will have a chance to gain sustainable upside momentum. WTI Oil: chart WTI oil pulled back amid demand worries. China reduced its benchmark mortgage rate to boost the housing market, but traders are not sure whether stimulus measures would provide sufficient support to China’s economy. From the technical point of view, WTI oil remains stuck below the key resistance at $79.00 – $80.00. Brent Oil: ... (full story)