Charles Hoskinson Announces Cardano Governance Ballot DetailsCharles Hoskinson Announces Cardano Governance Ballot Details
Baker Hughes oil rig count +6 to 500Baker Hughes oil rig count +6 to 500
Natural Gas 171123 Daily Chart
Natural gas remains under pressure as traders focus on record production and storage surplus.

In case natural gas stays below the $3.00 level, it will get to the test of the next support level at $2.80 – $2.85.

WTI Oil 171123 Daily Chart
WTI oil rebounds amid reports indicating that OPEC+ may deepen its production cuts to provide additional support to the market.

WTI oil was already close to the oversold territory, so it’s not surprising to see that short sellers rushed to take profits off the table.

Brent Oil

Brent Oil 171123 Daily Chart
Brent oil has also gained strong momentum as changes in OPEC+ production plans may lead to serious changes in the supply/demand balance.

To continue the rebound, Brent oil needs to settle above the nearest resistance, which is located in the $80.50 – $81.75 range.

For a look at all of today’s economic events, check out our economic calendar.

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