Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Week Highs As Rally Continues

Natural Gas

Natural gas rebounds as traders use the recent pullback as an opportunity to increase their long positions. The current demand for natural gas remains high due to hot weather.

In case natural gas settles above the $2.90 level, it will move towards the resistance at $3.02 – $3.09.

WTI Oil

WTI oil tests new highs as rally continues. Traders bet on rising demand during the summer season.

In case WTI oil stays above the $80.00 level, it will head towards the next resistance at $83.50 – $84.50.

Brent Oil

Brent oil tests resistance at $84.50 – $85.00 as traders stay bullish. Falling Treasury yields provide additional support to oil markets in today’s trading session.

In case Brent oil moves above the $85.00 level, it will head towards the resistance at $88.00 – $89.00.

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