Oil and natural gas: The price of oil is back at $82.00

<div><img width="1200" height="800" src="https://www.financebrokerage.com/wp-content/uploads/2022/10/shutterstock_545016799.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Oil" decoding="async" loading="lazy" /></div><h1><b>Oil and natural gas: The price of oil is back at $82.00</b></h1>
<ul>
<li aria-level="1">The price of oil continues with a bullish trend despite a little volatility on Wednesday.</li>
<li aria-level="1">For the third day in a row, the price of natural gas is in a <a href="https://www.financebrokerage.com/eurusd-and-gbpusd-euro-triggers-a-new-bullish-impulse/">bullish</a> trend after falling to the $2.46 level.</li>
</ul>
<h2><b>Oil chart analysis</b></h2>
<p>The price of oil continues with a bullish trend despite a little volatility on Wednesday. On Wednesday, the price fell from $82.40 to the $78.60. Yesterday, we saw a strong bullish impulse at the beginning of the US session, and the price of oil returned above the $80.00 level. The price continues to rise for the rest of the day, and the day closes at the $81.70 level.</p>
<p>During the Asian trading session, oil managed to hold high, and now we see a test of the $82.00 level, and we could expect a break above. We need a positive consolidation and a break above the $82.00 level for a bullish option. Potential higher targets are $83.00 and $84.00 levels.</p>
<p>We need a negative consolidation and a price pullback below the $81.50 level for a bearish option. There we would fall below the Asian support, which would mean a potential further decline. Potential lower targets are $81.00 and $80.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217035 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/JUyOakGd-1024×639.jpg" alt="Oil chart analysis" width="1024" height="639" /></p>
<h2><b>Natural gas chart analysis</b></h2>
<p>For the third day in a row, the price of natural gas is in a bullish trend after falling to the $2.46 level. Yesterday we saw a jump to the $5.87 level, then stabilization at the $2.55 level. During the Asian session, the price of natural gas continues to recover, and we are now very close to testing the previous high.</p>
<p>It is very possible that we will see a break above and continued growth towards the $2.60 level. Potential higher targets are $2.62 and $2.64 levels. We need a negative consolidation and a price pullback below the $2.55 support level for a bearish option. After that, we could expect the price to continue its retreat. Potential lower targets are $2.52 and $2.50 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-217036 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/08/9SSpw7Xv-1024×524.jpg" alt="Natural gas chart analysis" width="1024" height="524" /></p>
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