Natural Gas, WTI Oil, Brent Oil – Oil traders remain bullish

FXEmpire.com –

Natural gas

Natural gas 140624 Daily chart

Natural gas continues to fall as traders focus on rising production levels.

A move below the $2.80 – $2.85 support will push natural gas toward the 50 MA at $2.57.

WTI oil

Daily chart of WTI oil 140624

WTI crude gains ground ahead of the weekend. Traders bet that demand for oil in the second half of the year could be stronger than previously expected.

Technically, WTI oil is consolidating below key resistance at $79.00 – $80.00.

Brent oil

Brent Oil Daily Chart 140624

Brent crude is also moving higher as traders bet on a continued rally from June lows.

If Brent manages to settle above the $83.00 level, it will head towards the $84.50-$85.00 resistance.

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This article was originally posted on FX Empire

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