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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Pulls Back On Israel – Hamas Ceasefire Talks
Natural Gas: chart Natural gas gains ground as traders focus on Freeport LNG resumption and bet on a rebound from recent lows. A move above the $2.00 level will provide natural gas with a chance to gain additional upside momentum. WTI Oil: chart WTI oil is losing ground as traders react to Israel – Hamas ceasefire talks in Cairo. It should be noted that previous talks were not successful, so it remains to be seen whether Israel and Hamas would reach any agreement. If WTI oil declines below the 50 MA at $81.57, it will head towards the support at $79.00 – $80.00. Brent Oil: chart Brent oil is moving lower ... (full story)