Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Pulled Back From Session Highs

Natural Gas

Natural gas pulls back after an unsuccessful attempt to settle above the resistance at $2.75 – $2.80.

If natural gas declines below the $2.65 level, it will move towards the nearest support, which is located in the $2.50 – $2.55 range.

WTI Oil

WTI oil moved away from session highs as traders focused on the U.S. presidential election.

A move below the 50 MA at $70.97 will push WTI oil towards the psychologically important $70.00 level.

Brent Oil

Brent oil pulled back as traders took some profits off the table after the recent rebound.

From the technical point of view, Brent oil needs to settle above the resistance at $77.00 – $77.50 to gain additional upside momentum.

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