Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Losing Some Ground Ahead Of The Weekend

Natural Gas

Natural gas is losing ground as traders focus on warm weather forecasts, which indicate that demand will be weak.

If natural gas settles below the $3.80 level, it will move towards the next support, which is located in the $3.55 – $3.60 range.

WTI Oil

WTI oil is losing some ground as traders wait for additional catalysts. Concerns about the impact of tariffs will remain the key driver for oil markets in the near term.

If WTI oil pulls back below the $69.00 level, it will head towards the support at $67.00 – $67.50.

Brent Oil

Brent oil is moving lower amid tariff worries. At this point, Brent oil needs significant positive catalysts to break the current trend.

A move below the $72.00 level will push Brent oil towards the nearest support at $71.00 – $71.50.

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