Natural Gas and Oil Forecast: WTI Hits $115 Resistance – Will Supply Shocks Spark $120?

$115.40 resistance for WTI crude with the RSI in overbought territory signals short-term technical exhaustion; the article flags a potential upside to $120 or a downside correction to $111. Middle East tensions are cited as the primary catalyst for a breakout, implying elevated volatility and positioning risk for energy-focused portfolios.

Analysis

$115.40 resistance for WTI crude with the RSI in overbought territory signals short-term technical exhaustion; the article flags a potential upside to $120 or a downside correction to $111. Middle East tensions are cited as the primary catalyst for a breakout, implying elevated volatility and positioning risk for energy-focused portfolios.