Natural Gas, WTI Oil, and Brent Oil Forecasts Amidst Market Retreat

Wednesday, 25 September 2024, 11:35

Natural Gas, WTI Oil, and Brent Oil forecasts indicate a retreat in oil markets despite bullish EIA data. Natural gas struggles to maintain above $2.55, while WTI and Brent oil face pressures from trader sentiments. Potential trends may impact future market behaviors.
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Natural Gas, WTI Oil, and Brent Oil Forecasts Amidst Market Retreat

Natural Gas Outlook

Natural gas continues its attempts to settle above the resistance at $2.55$2.60 as traders focus on the potential threat from Hurricane Helene. If natural gas pulls back below the $2.55 level, it will move towards the support at $2.25$2.30.

WTI Oil Performance

WTI oil is losing ground as traders react to the EIA report, which indicated that crude inventories declined by 4.5 million barrels from the previous week. The bullish report did not provide support to oil markets. In case WTI oil stays below the $70.00 level, it will head towards the nearest support at $68.00$68.50.

Brent Oil Trends

Brent oil retreats as traders bet that China's stimulus measures would not provide sufficient support to oil markets. A successful test of the support at $72.50$73.00 will open the way to the test of the next support level at $69.50$70.00.

Economic Events

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


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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