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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds As Traders Focus On Iran
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Key Points:
- Natural gas is trying to settle back above the $3.55 level.
- WTI oil is moving higher as traders focus on trade wars and Iran nuclear deal negotiations.
- Brent oil attempts to settle back above the $65.00 level.
Natural Gas
Natural gas attempts to rebound after yesterday’s strong pullback. Currently, natural gas is trying to settle back above the $3.55 level.
In case this attempt is successful, natural gas will move towards the nearest resistance at $3.70 – $3.75.
WTI Oil
WTI oil gains ground as traders continue to evaluate the impact of the trade war between the U.S. and China.
A move above the $63.00 level will push WTI oil towards the resistance level at $67.00 – $67.50.
Brent Oil
Brent oil is moving higher amid broad rebound in the oil markets. The U.S. has recently stated that it could stop Iran’s oil exports to force the country to accept the nuclear deal, which was bullish for oil.
If Brent oil settles above the $65.00 level, it will head 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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