Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Is Mostly Flat As Traders Weigh Tariff News

Natural Gas

Natural gas tests support at $3.35 – $3.40 amid lack of positive catalysts. RSI remains in the moderate territory, and there is enough room to gain additional downside momentum in the near term.

If natural gas settles below the $3.35 level, it will move towards the next support at $3.05 – $3.10.

WTI Oil

WTI oil is mostly flat as traders react to recent developments on the tariff front. Donald Trump said that he could delay tariffs on imported autos and parts, which is bullish for oil markets.

From the technical point of view, WTI oil needs to settle above the resistance at $62.50 – $63.00 to gain additional upside momentum in the near term.

Brent Oil

Brent oil has stabilized near the $65.00 level as traders weighed the impact of recent changes in tariff policy.

In case Brent oil settles above the $65.00 level, it will head towards the resistance level at $67.00 – $67.40.

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