Natural gas, WTI oil, and Brent oil are seeing interesting movements in the market today as geopolitical tensions in the Middle East ease and traders take note. Here's a quick breakdown:
- Natural Gas: It’s trying to push back above the $2.50 mark as traders lock in profits after recent gains. If it breaks through this level, we could see resistance around $2.60 – $2.65.
- WTI Oil: Prices are pulling back due to reports that Israel is not expected to target Iran’s oil infrastructure. If WTI falls below $70, the next support level is likely between $67 – $67.50.
- Brent Oil: Brent has been sliding as traders focus on both the Middle East situation and concerns about China’s economy slowing down. If Brent drops below $73.50, it might test support at $71 – $71.50.
What are your thoughts on these trends? Do you think the easing tensions will keep oil prices on a downward path, or will we see another spike soon?
View Reddit by NeilCh – View Source
