Advertisement
Advertisement
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Soars 5% As Trump Demands Iran’s Surrender
By:
Key Points:
- Natural gas gains ground as traders bet that global LNG supplies could be disrupted by Middle East conflict.
- WTI oil rallied as traders focused on Trump's comments.
- Brent oil climbed above the $76.00 level.
Natural Gas
Natural gas tests new highs as traders focus on global LNG supply risks amid tensions in the Middle East.
If natural gas settles above the $3.90 level, it will head towards the resistance at $4.15 – $4.20.
WTI Oil
WTI oil rallied as U.S. President Donald Trump demanded Iran’s surrender. Traders have started to price in a possibility of a direct U.S. involvement in the Israel – Iran conflict.
A move above the $75.00 level will open the way to the test of the resistance at $77.00 – $77.50.
Brent Oil
Brent oil gained strong upside momentum as traders focused on the situation in the Middle East.
If Brent oil stays above the $75.50 level, it will head towards the next resistance at $78.50 – $79.00.
For a look at all of today’s economic events, check out our economic calendar.
About the Author
Vladimir Zernovauthor
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Advertisement