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Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Dives 2.5% Amid Global IT Outage
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Key Points:
- Natural gas continues its attempts to climb above the $2.15 level.
- WTI oil pulled back towards $80.00 as traders reacted to the global IT outage.
- Brent oil settled below the $83.00 level.
Natural Gas
Natural gas gains some ground as traders stay focused on the bullish EIA report, which was released on Thursday.
If natural gas climbs above the $2.15 level, it will move towards the resistance at $2.25 – $2.30.
WTI Oil
WTI oil is losing ground as traders focus on the major IT outage, which caused disruptions in various industries.
A move below the support at $79.00 – $80.00 will push WTI oil towards the next support level at $75.50 – $76.50.
Brent Oil
Brent oil is losing ground as traders stay focused on potential problems of China’s economy.
From the technical point of view, Brent oil settled below the support at $84.50 – $85.00 and is moving towards the next support level at $81.50 – $82.00.
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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