Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Drones Strike Russian Pipeline Pumping Station

Natural Gas

Natural gas  pulls back as traders take profits after the multi-day rally, which was driven by cold weather.

A move below the support at $3.55 – $3.60 will open the way to the test of the next support level at $3.20 – $3.25.

WTI Oil

WTI oil gained ground as drones struck a pumping station in Russia’s Krasnodar region, which led to a reduction of oil supply from Kazakhstan.

In case WTI oil climbs back above the $72.00 level, it will move towards the resistance level at $73.00 – $73.50.

Brent Oil

Brent oil is trying to settle above the $75.00 level as traders focus on potential supply risks.

A move above $75.00 opens the way to the test of the 50 MA at $75.86. If Brent oil settles above the 50 MA, it will move towards the resistance at $77.00 – $77.50.

For a look at all of today’s economic events, check out our economic calendar.