Oil and natural gas: The price of oil rises to $84.00 

<div><img width="1200" height="798" src="https://www.financebrokerage.com/wp-content/uploads/2023/02/oil-3.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="A Promising Future Ahead" decoding="async" loading="lazy" /></div><h1><b>Oil and natural gas: The price of oil rises to $84.00 </b></h1>
<ul>
<li aria-level="1">The oil price has been in a strong bullish trend since Wednesday, forming a high at the $84.07 level.</li>
<li aria-level="1">During the Asian trading session, the price of natural gas consolidated around the $2.66 level.</li>
</ul>
<h2><b>Oil chart analysis</b></h2>
<p>The oil price has been in a strong bullish trend since Wednesday, forming a high at the $84.07 level. Everything indicates that we could see a further continuation of rising oil prices. The next target is the previous high of 10 August at the $84.85 level. By breaking above it, we would have the opportunity to start a further recovery and visit higher levels. Potential higher targets are $85.00 and $85.50 levels.</p>
<p>We need a negative consolidation and <a href="https://www.financebrokerage.com/oil-and-natural-gas-oil-price-triggers-new-pullback/">pullback</a> to the $83.00 level for a bearish option. A break below would indicate that the price is under pressure, and we could see a potential continuation of the oil price pullback. Potential lower targets are $82.00 and $81.00 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222973 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/BnEp4sK3-1024×619.jpg" alt="Oil chart analysis" width="1024" height="619" /></p>
<h2><b>Natural gas chart analysis</b></h2>
<p>During the Asian trading session, the price of natural gas consolidated around the $2.66 level. Yesterday, we had a strong bullish impulse that raised the price to the $2.78 level, and then we had a pullback to this morning’s consolidation zone. Having received support, we could now expect the price to start a positive consolidation and start a new bullish trend. Potential higher targets are $2.70 and $2.72 levels.</p>
<p>We need a negative consolidation and a drop below the $2.66 level for a bearish option. After that, the price of natural gas could start a continuation of the retreat with the formation of a new low. Potential lower targets are $2.64 and $2.62 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-222974 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2023/09/qIcM6lWH-1024×619.jpg" alt="Natural gas chart analysis" width="1024" height="619" /></p>
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