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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Attempts To Rebound After Yesterday’s Sell-Off
Natural Gas: chart Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by 59 Bcf from the previous week. In case natural gas settles above the $2.00 level, it will move towards the 50 MA at $2.21. WTI Oil: chart WTI oil is swinging between gains and losses as traders remain focused on the recent EIA report, which showed a significant increase in U.S. crude inventories. In case WTI oil manages to settle below the $79.00 level, it will move towards the next support at $74.50 – $75.50. Brent Oil: chart Brent oil is mostly flat as some traders take ... (full story)