Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Multi-Week Lows

Natural Gas

Natural gas pulls back as traders take some profits off the table ahead of the weekend.

In case natural gas declines below the $3.30 level, it will get to the test of the nearest support at $3.20 – $3.25.

WTI Oil

WTI oil rebounds as some traders are ready to buy the dip. From a big picture point of view, the market remains focused on trade wars.

In case WTI oil settles back above the $72.00 level, it will head towards the nearest resistance level at $73.00 – $73.50.

Brent Oil

Brent oil made an attempt to settle back above the $75.00 level in absence of strong catalysts.

From the technical point of view, Brent oil needs to settle back above the 50 MA at $75.57 to have a chance to gain sustainable upside momentum in the near term.

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