Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Moved Away From Session Highs

Natural Gas

Natural gas tests new highs as traders focus on strong demand, which was triggered by Arctic cold.

A move above the $4.30 level will open the way to the test of the $4.50 level.

WTI Oil

WTI oil gained some ground as traders focused on supply disruptions. RSI is in the moderate territory, and there is enough room to gain additional momentum in the near term.

In case WTI oil manages to settle above the resistance at $73.00 – $73.50, it will move towards the next resistance level at $77.00 – $77.50.

Brent Oil

Brent oil made an attempt to climb above the $77.00 level but lost momentum and pulled back.

The technical picture remains unchanged as Brent oil needs to settle above the resistance at $77.00 – $77.50 to gain additional upside momentum in the near term.

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