Natural Gas and Oil Forecast: Downward Trends Persist Amid Weak Momentum Signals

Market Overview

Oil and natural gas markets started the week under pressure, with WTI crude sliding 1% to $63.10 per barrel, its lowest in over two months. The decline reflects investor focus on easing geopolitical tensions that could boost global oil supply, alongside fresh U.S. trade measures raising concerns about energy demand.

A potential resolution to ongoing conflicts may lift sanctions on key producers, adding supply-side pressure, while higher tariffs threaten broader economic activity.

Together, these factors are tempering bullish sentiment, keeping crude and gas prices volatile as traders weigh shifting geopolitical risks against uncertain demand fundamentals.

Natural Gas Price Forecast

Natural gas futures are trading at $2.919, consolidating just above the $2.882 support zone after a recent pullback. Price action remains capped by the 50-EMA at $3.026 and the 100-EMA at $3.063, both sloping downward and aligning with broader resistance near $3.084.

The RSI sits at 42.42, showing weak bullish momentum after recovering from oversold territory earlier in the week. A break above $2.950 could open the way for a retest of $3.024, where sellers may re-enter if rejection candles form.

On the downside, a close below $2.882 would expose $2.850 and $2.831, with $2.776 as a deeper support target. Until price clears the EMA cluster, the short-term bias remains neutral-to-bearish.

WTI Oil Price Forecast

WTI crude remains under pressure, trading near $63.48 within a defined descending channel. Price is capped by the 50-EMA at $64.73, while the 100-EMA at $65.60 reinforces the broader downtrend.

A series of lower highs and lower lows continues, with short-term momentum weakening after a failed attempt to break above the mid-channel resistance. RSI is hovering at 37.66, suggesting subdued buying interest without oversold conditions. Key support rests at $63.01, with further downside toward $62.13 if bearish momentum persists.

A brief rebound toward $64.00–$64.20 is possible, but unless price closes above the 50-EMA, sellers are likely to maintain control, targeting the lower boundary of the channel in the sessions ahead.

Brent Oil Price Forecast

Brent crude is trading at $66.45, holding within a descending channel that has contained price action since early August. The 50-EMA at $67.37 and the 100-EMA at $68.19 act as layered resistance, aligning with the channel’s upper boundary.

A minor rebound from $65.79 support is underway, but momentum remains limited, with the RSI at 42.79 still below the neutral 50 level. The overall trend structure continues to print lower highs and lower lows, keeping the bias tilted downward.

If price fails to close above $67.13, sellers may look to retest $65.79 and potentially $64.99. A confirmed break above $67.37, however, could signal the first step toward a shift in short-term momentum.