Natural Gas

Natural Gas
Natural Gas 170924 Daily Chart

Natural gas pulls back as traders take some profits off the table near multi-month highs.

In case natural gas moves back below the support at $2.25 – $2.30, it will head towards the 50 MA at $2.15.

WTI Oil

WTI Oil
WTI Oil 170924 Daily Chart

WTI oil tests new highs as traders focus on rising tensions in the Middle East. Thousands were hurt in mysterious pager blasts in Lebanon. The Iran-backed Hezbollah group accused Israel, and the market prepared for another round of escalation in the region.

A move above the resistance at $72.00 – $$72.50 will push WTI oil towards the next resistance at $77.00 – $77.50.

Brent Oil

Brent Oil
Brent Oil 170924 Daily Chart

Brent oil gains ground amid broad rally in the oil markets, which is driven by rising tensions in the Middle East.

A successful test of the resistance at $72.50 – $73.00 opens the way to the test of the next resistance level at $77.00 – $77.50.

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