Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Retreats On Profit-Taking
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The oil markets are experiencing a technical retreat with WTI and Brent oil pulling back after recent gains. Natural gas shows potential for a rebound, with traders watching key resistance and support levels. Market sentiment is influenced by profit-taking and potential tariff-related pressures.
March 28, 2025 | 6:45 pm
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NEGATIVE IMPACT
United States Oil Fund may experience short-term price pressure due to profit-taking in WTI and Brent oil markets, with traders watching key technical support levels.
The article indicates a technical pullback in oil markets, which directly impacts the USO ETF. Profit-taking and potential tariff concerns suggest a short-term bearish sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
United States Natural Gas Fund may see upward movement if natural gas settles above the $4.00-$4.05 resistance level, with traders betting on a potential rebound.
The article suggests a bullish technical setup for natural gas, with potential to move towards $4.25-$4.30 if resistance levels are breached.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80