Natural gas is under strong pressure as traders react to warmer weather forecasts, which indicate that demand for natural gas will decline.
In case natural gas settles below the support at $3.55 – $3.60, it will move towards the next support level at $3.20 – $3.25.
WTI Oil
WTI Oil 270125 Daily Chart
WTI oil tests new lows as traders focus on the strong sell-off in U.S. equity markets.
In case WTI oil settles below the support at $73.00 – $73.50, it will move towards the 50 MA at $71.70.
Brent Oil
Brent Oil 270125 Daily Chart
Brent oil is under pressure amid broad sell-off in commodity markets. RSI remains in the moderate territory, and there is plenty of room to gain momentum in the near term.
If Brent oil stays below the $77.00 level, it will head towards the 50 MA at $75.08.
For a look at all of today’s economic events, check out our economic calendar.
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.
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.