Natural Gas, WTI Oil, and Brent Oil Price Forecasts Amidst Easing Middle East Tensions
Current Trends in Natural Gas
Natural Gas is showing signs of a rebound as traders take profits after a recent surge. If natural gas stabilizes above the $2.50 level, we could see upward movement towards the nearest resistance at around $2.60 – $2.65.
WTI Oil Market Dynamics
WTI Oil remains under pressure, especially with reports suggesting that Israel is refraining from targeting Iran’s oil infrastructure. Should WTI drop below $70.00, the next support level will likely be $67.00 – $67.50.
Brent Oil Performance Outlook
Brent Oil is currently experiencing some losses as traders remain cautious about Middle Eastern developments and the slowdown in China’s economy. A decline below $73.50 may lead to testing the support level of $71.00 – $71.50.
Summary of Economic Events
For a comprehensive overview of economic events impacting these forecasts, check today’s 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.