Natural Gas and Oil Forecast: Geopolitical Calm Sparks Mild Recovery in Energy Markets

Market Overview

WTI crude futures climbed to $59.81 per barrel on Monday, recovering from last week’s five-month low as traders reassessed global risk appetite. The rebound followed signs of easing geopolitical tensions and improved diplomatic tone in significant trade discussions, which helped stabilize sentiment across energy markets.

Brent crude and natural gas benchmarks also saw modest gains as investors weighed potential supply disruptions against slowing demand growth.

Analysts noted that even slight de-escalation in global conflicts tends to lift crude prices temporarily, but sustained recovery will depend on broader economic stability and industrial energy consumption trends.

Natural Gas Price Forecast

Natural Gas Futures are trading around $3.12 after bouncing from the key $3.06 support zone. The RSI sits near 30, suggesting the market is oversold and may see a short-term rebound. Both the 50-day EMA ($3.29) and 200-day EMA ($3.31) are acting as overhead resistance, reinforcing the bearish bias until price breaks above $3.20.

If momentum strengthens, the following upside targets are $3.30 and $3.39, while failure to hold $3.06 could push prices toward $2.98. The recent bounce shows early signs of stabilization, but confirmation will depend on whether bulls can reclaim the $3.20 zone with rising volume. For now, Natural Gas remains range-bound within a fragile recovery setup.

WTI Oil Price Forecast

WTI Crude Oil (USOIL) is trading near $59.81, stabilizing after a sharp decline to $58.22. The price is consolidating just below the 38.2% Fibonacci retracement at $60.00, while resistance sits between $60.55 and $61.10. Both the 50-EMA ($61.55) and 200-EMA ($62.88) slope downward, indicating a persistent bearish bias.

Momentum remains weak, though a minor rebound suggests short-term relief after oversold conditions. A sustained break above $61.10 could shift sentiment toward recovery, targeting $62.90. Conversely, a close below $59.30 would likely extend losses toward $58.20 and $57.40.

Brent Oil Price Forecast

Brent Crude Oil is trading around $63.57, struggling to rebound after sliding from the $67.70 high. The price remains below both the 50-day EMA ($65.22) and 200-day EMA ($66.53), signaling continued bearish momentum. The RSI near 39 indicates mild recovery from oversold territory, but sentiment stays weak.

A move above $64.20 could trigger a short-term pullback toward $65.50, aligning with the 0.618 Fibonacci level. However, failure to hold above $63 may push prices back to the $62.05 support zone. Traders may watch for consolidation between $63 and $65 before the next major directional move.