Natural Gas, WTI Oil, Brent Oil Forecasts – WTI Oil Retreats Ahead Of The Weekend

Natural Gas

Natural gas is moving higher as traders bet on a rebound in post-holiday trading. The changes in weather forecasts may have a material impact on natural gas dynamics in the near term.

A move above the $3.40 level will push natural gas towards the next resistance level at $3.55 – $3.60.

WTI Oil

WTI oil is losing ground ahead of the weekend. OPEC+ is expected to extend production cuts, but traders are worried that demand could be weaker than previously expected.

If WTI oil declines below the $68.00 level, it will get to the test of the support at $67.00 – $67.50.

Brent Oil

Brent oil is moving lower amid lack of positive catalysts. Brent oil was range-bound in recent trading sessions, and it looks that it is ready to make a move next week.

A move below the nearest support level at $71.00 – $71.50 will provide Brent oil with a chance to gain downside momentum.

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