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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Tests Multi-Week Highs As Rally Continues
Natural Gas: chart Natural gas rebounds as traders use the recent pullback as an opportunity to increase their long positions. The current demand for natural gas remains high due to hot weather. In case natural gas settles above the $2.90 level, it will move towards the resistance at $3.02 – $3.09. WTI Oil: chart WTI oil tests new highs as rally continues. Traders bet on rising demand during the summer season. In case WTI oil stays above the $80.00 level, it will head towards the next resistance at $83.50 – $84.50. Brent Oil: chart Brent oil tests resistance at $84.50 – $85.00 as traders stay bullish. ... (full story)