Natural Gas

Natural Gas
Natural Gas 060924 Daily Chart

Natural gas  continues its attempts to settle above the strong resistance level at $2.25 – $2.30.

In case natural gas manages to settle above the $2.30 level, it will move towards the resistance at $2.55 – $2.60.

WTI Oil

WTI Oil
WTI Oil 060924 Daily Chart

WTI oil tests new lows as traders remain worried about the strength of demand. The potential economic slowdown in the U.S. and China may put significant pressure on oil prices.

In case WTI oil settles below the support at $68.00 – $69.00, it will move towards the next support level at $64.00 – $64.50.

Brent Oil

Brent Oil
Brent Oil 060924 Daily Chart

Brent oil is under strong pressure amid demand concerns. RSI remains in the moderate territory despite the significant pullback, which is bearish for Brent oil.

From the technical point of view, Brent oil is heading towards the next support level at $69.50 – $70.00.

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