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FXEmpire.com –
Key Insights
- Natural gas prices continue to trade near the $2.20 level.
- WTI oil climbed back above the $69 level.
- Brent oil is trying to settle above $74.50.
Natural Gas
Natural Gas 240323 Daily Chart
Natural gas remains stuck near the $2.20 level as traders wait for catalysts. From a big picture point of view, the market sentiment remains bearish, and natural gas will need significant catalysts to break the current trend.
WTI Oil
WTI Oil 240323 Daily Chart
WTI oil rebounds from session lows as traders bet that regulators will be able to contain the banking crisis. The sell-off was triggered by the potential problems of Deutsche Bank, but it looks that markets have calmed down after the initial panic.
Brent Oil
Brent Oil 240323 Daily Chart
Brent oil is currently trying to settle back above the $74.50 level. In case this attempt is successful, Brent oil will move towards the resistance at the $76 level.
For a look at all of today’s economic events, check out our economic calendar.
This article was originally posted on FX Empire
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