Natural Gas
Natural gas tests support at $2.25 – $2.30 as traders react to the EIA report, which indicated that working gas in storage increased by 65 Bcf from the previous week.
In case this test is successful, natural gas will move towards the next support level, which is located in the $2.00 – $2.05 range.
WTI Oil
WTI oil gains ground as traders focus on U.S. inflation reports, which showed that Inflation Rate declined to 3% in June. Fed may start cutting rates soon, providing additional support to oil markets.
A move above the $82.50 level opens the way to the test of the nearest resistance at $83.50 – $84.50.
Brent Oil
Brent oil is mostly flat as traders wait for additional catalysts. U.S. dollar’s pullback provided some support to Brent oil in today’s trading session, but it was not sufficient to push prices above the $86.00 level.
In case Brent oil climbs above $86.00, it will move towards the resistance at $88.00 – $89.00.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
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