Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats From Session Highs As Trump Delays Decision On Iran Strike

Natural Gas

Natural gas traders remained bullish as weather forecasts pointed to high demand in the upcoming days.

From the technical point of view, natural gas is moving towards the resistance level at $4.15 – $4.20.

WTI Oil

WTI oil pulled back from session highs as President Donald Trump  will decide whether U.S. will strike Iran within two weeks.

In case WTI oil settles back below the $75.00 level, it will head towards the support at $71.50 – $72.00.

Brent Oil

Brent oil  has also moved away from recent highs as traders focused on Trump’s comments.

From the technical point of view, Brent oil needs to settle below the support at $75.00 – $75.50 to gain additional downside momentum in the near term.

For a look at all of today’s economic events, check out our economic calendar.