-
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds On Rate Cut Hopes
Natural Gas: chart Natural gas is mostly flat as traders wait for additional catalysts. The weather forecasts are rather bearish, but current demand for natural gas is high. The technical picture has not changed in recent trading sessions. Natural gas needs to climb above $1.80 to gain momentum and move towards the resistance at $1.95 – $2.00. WTI Oil: chart WTI oil gains ground as weaker-than-expected U.S. PMI reports boost hopes for rate cuts. U.S. dollar’s pullback provided additional support to commodity markets in today’s trading session. In case WTI oil climbs above $83.50, it will head towards the ... (full story)