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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Focus On OPEC Demand Forecast
Natural Gas: chart Natural gas gains ground as traders focus on weather forecasts, which predict strong demand from June 13. In case natural gas settles above the resistance at $3.02 – $3.09, it will head towards the next resistance level, which is located in the $3.28 – $3.32 range. WTI Oil: chart WTI oil is mostly flat as traders react to OPEC 2024 forecast. The organization left its demand growth forecast intact despite worries about the strength of demand in the first half of the year. WTI oil needs to settle above the strong resistance at $79.00 – $80.00 to break the near-term trend and gain ... (full story)
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- Posted: Jun 11, 2024 3:00pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 255
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