Natural Gas and Oil Forecasts: Understanding Market Pressures as Middle East Tensions Subside
Natural Gas Forecast
Natural gas is currently facing challenges as it struggles to surpass the resistance levels of $2.25 – $2.30. A clear break above $2.30 is essential for any potential upside momentum.
WTI Oil Outlook
WTI oil has encountered new lows, primarily driven by positive advancements in Gaza ceasefire negotiations. With important support near the $72.50 mark, a rise above $74.00 could lead to resistance at $75.50 – $76.50.
Brent Oil Analysis
Brent oil is experiencing downward pressure as trader concerns grow regarding China’s oil demand. A successful support test between $77.00 – $78.00 may redirect Brent towards new support levels of $72.50 – $73.50.
- Monitor key resistance levels to forecast trends.
- Watch for regional developments impacting oil supply.
- Stay updated on economic events influencing market dynamics.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.