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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Buy The Dip
Natural Gas: chart Natural gas gains ground as traders react to the EIA report, which indicated that working gas in storage increased by 50 Bcf from the previous week. In case natural gas manages to settle above the $1.80 level, it will head towards the next resistance, which is located in the $1.95 – $2.00 range. WTI Oil: chart WTI oil is trying to rebound after yesterday’s sell-off. Traders stay focused on the situation in the Middle East and try to guess whether Israel will respond to the recent attack from Iran. A move above the $83.00 level will push WTI oil towards the resistance at $85.50 – $86.50. ... (full story)