Natural Gas and Oil Forecast: WTI and NatGas Remain Firm Amid Risk-On Mood

Market Overview

WTI crude dipped toward $74 per barrel Friday but remains on track for its third consecutive weekly gain, driven by heightened geopolitical tensions that have renewed concerns over regional energy supply disruptions.

Despite the turmoil, crude exports from affected regions remain resilient, with flows reaching 2.2 million barrels per day—the highest in over a month.

Additionally, U.S. crude stockpiles posted their largest weekly draw in a year, further tightening global supply outlooks. These factors, combined with market uncertainty, are bolstering oil and natural gas prices, reinforcing a bullish undertone even amid short-term price fluctuations and broader macroeconomic caution.

Natural Gas Price Forecast

Natural Gas Futures (NGN2025) are trading at $4.08, firmly within a rising parallel channel that’s been respected since June 13. Price is pushing against the midline of the channel but has not shown signs of exhaustion yet.

The short-term trend remains intact, supported by the 50 EMA at $3.90 and the 200 EMA down at $3.74. As long as price holds above $4.05, momentum favors a continued grind toward $4.16 and potentially $4.22.

A break below $4.05, however, would be the first warning sign of a shift in sentiment, especially if followed by increased volume. So far, candles remain constructive, with higher lows and healthy consolidation between impulses.

WTI Oil Price Forecast

WTI crude oil is trading at $73.38, holding just above key support at $72.55 and the 50-period EMA. Price action remains constructive following a clear series of higher lows since June 12. The recent pullback from $75.18 appears corrective, with no strong bearish candlestick formations confirming a reversal.

The 200-period EMA at $67.95 continues to rise steadily, reinforcing the broader uptrend. As long as oil holds above $72.55, the near-term bias favors a retest of $75.18 and possibly a move toward $77.57.

A breakdown below $72.55 would weaken this structure and expose $70.88. Price remains in a consolidation zone, but the underlying trend still leans upward unless support levels break convincingly.

Brent Oil Price Forecast

Brent crude oil is trading at $76.55, pulling back slightly after testing the $78.69 resistance. Price continues to respect the ascending trendline from June 12 and remains well above both the 50 EMA at $75.24 and the 200 EMA at $70.08. This structure still favors the bulls, with rising support levels confirming the uptrend.

A daily close below $76.16 could weaken the current setup, exposing $74.37. On the upside, a clean break above $78.69 may open the path toward $80.24 and beyond.

Current candles show mild selling pressure but lack decisive bearish confirmation. As long as price holds above $76, short-term bias leans positive with room for upside continuation.