Natural gas tests resistance at $3.35 – $3.40 as the rebound continues. The current demand for natural gas is low, but some traders are ready to bet on a stronger rebound from recent lows.
A move above the $3.40 level will push natural gas towards the next resistance at $3.60 – $3.65.
WTI oil is under pressure as traders worry that trade wars will hurt demand for oil.
If WTI oil settles below the $60.00 level, it will head towards the next support at $57.50 – $58.00.
Brent Oil
Brent oil tests new lows amid broad pullback in the oil markets, which is driven by demand fears.
A move below the $64.00 level will open the way to the test of the support level at $62.00 – $62.50.
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