Natural Gas and Oil Forecast: Russian Cuts & Middle East Unrest Push Prices Higher

On April 4, UKOIL edged higher to $89.57, marking a 0.11% increase. The pivot point is at $89.30, with resistance levels at $89.91, $90.65, and $91.26, suggesting upward pressure. Support lies at $88.64, $88.08, and $87.31, marking potential retracement zones. The 50 EMA at $87.28 and the 200 EMA at $84.60 support a bullish trend, yet a breakout above the pivot suggests continued upside potential. However, a drop below $89.30 could lead to a significant downtrend, placing UKOIL in a …