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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Rebounds From Session Lows As Traders Stay Focused On The Middle East

FXEmpire.com -

Natural Gas

Natural Gas 150424 Daily Chart

Natural gas is losing ground as traders focus on high storage levels and disappointing weather forecasts.

A move below the key support at $1.60 – $1.65 will push natural gas towards the $1.50 level.

WTI Oil

WTI Oil 150424 Daily Chart

WTI oil rebounded from session lows as traders waited for Israel’s response on the recent attack from Iran.

The technical picture remains unchanged as WTI oil is stuck near the resistance at $85.50 – $86.50.

Brent Oil

Brent Oil 150424 Daily Chart

Brent oil is mostly flat while traders are focused on the news from the Middle East.

From the technical point of view, Brent oil needs to settle above the $86.50 level to have a chance to gain sustainable upside momentum.

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

This article was originally posted on FX Empire

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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