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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Are Mostly Flat In Choppy Trading
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Key Points:
- Natural gas moved lower as traders reacted to warm weather forecasts.
- WTI oil continued to stabilize after recent volatility.
- Brent oil remained stuck below the $65.00 level.
Natural Gas
Natural gas tested new lows as traders focused on warm weather forecasts and worried about weak demand.
If natural gas stays below the support at $3.35 – $3.40, it will move towards the next support level at $3.05 – $3.10.
WTI Oil
WTI oil is swinging between gains and losses as oil markets continue to stabilize after recent volatility.
From the technical point of view, WTI oil remains stuck below the nearest resistance level, which is located in the $62.50 – $63.00 range.
Brent Oil
Brent oil is losing some ground as traders worry about U.S. – China trade war and monitor tariff-related headlines.
A move above the $65.00 level will push Brent oil towards the resistance at $67.00 – $67.50.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.
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