Natural gas is moving higher as traders evaluate weather forecasts. Current demand for natural gas stays low, but it is expected to increase in the second half of the week.
If natural gas settles above the $4.05 level, it will head towards the nearest resistance, which is located in the $4.25 – $4.30 range.
WTI Oil
WTI Oil 180325 Daily Chart
WTI oil pulls back as traders focus on the results of the phone call between Donald Trump and Vladimir Putin. The U.S. and Russia continue to negotiate a potential ceasefire in Ukraine.
A move below the support at $67.00 – $67.50 will push WTI oil towards the next support level, which is located in the $62.50 – $63.00 range.
Brent Oil
Brent Oil 180325 Daily Chart
Brent oil made an attempt to settle above the resistance at $71.00 – $71.50 but lost momentum and pulled back.
In case Brent oil declines below the $70.00 level, it will head towards the nearest support level at $67.00 – $67.50.
For a look at all of today’s economic events, check out our economic calendar.
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.
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.