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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rallies As Traders Bet On Strong Summer Demand
Natural Gas: chart Natural gas pulls back as traders take some profits off the table near multi-month highs. The technical picture remains bullish, but natural gas needs to settle above the $3.09 level to continue the move. WTI Oil: chart WTI oil rallies as traders react to the Goldman Sachs report, which predicted strong demand in summer. A move above the $78.00 level will push WTI oil towards the nearest resistance, which is located in the $79.00 – $80.00 range. Brent Oil: chart Brent oil has also managed to gain strong upside momentum. Goldman Sachs analysts expect that Brent oil will move towards the $86 ... (full story)
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- Posted: Jun 10, 2024 3:40pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 245
