Natural Gas and Oil Forecast: WTI Below $92 While Brent Tests $95 – Will NatGas Reach $3.00?

Oil and Natural Gas Markets Steady as Ceasefire Holds

On May 25, 2026, both major oil prices moved sideways as the tentative U.S.-Iran truce, now over seven weeks in the making, was holding fast with a slow ramp up of oil tankers sailing through the Strait of Hormuz. With the truce, the market largely removed the fear premium that triggered the wild oil price swings in March and early April and refocused on the supply-and-demand basics.

Oil prices at WTI and Brent were mirroring the supply picture globally with strong U.S. production and the OPEC+ output adjustments along with ongoing repairs in areas hit by the fighting. The oil supply in Iran and the region overall would not reach normal conditions yet. Demand has shown modest recovery in Asia following earlier price spikes, and consumption in price-sensitive emerging markets remains restrained.

On the natural gas front, the natural gas price stayed sideways on a good stockpile in both America and Europe as it was milder weather this spring. The U.S.-Iran truce eased the concern on gas shipment from Middle East and LNG was softer internationally, but Asian and European LNG demand in the long term was still solid.

Traders await U.S. inventory data and OPEC+ decisions. With the truce, the supply risk was low, but the truce was still fragile, the risk of market volatility would still be high if the negotiation hit a rough patch.

Natural Gas Futures Rises to $2.885 – Blue Channel Breakout Intact

Natural gas futures is advancing to $2.885 on the 4h, NYMEX, after a recent string of green candles reclaimed a red MA at $2.95 and broke the prior swing highs, both within a blue rising channel.

The bullish continuation is respecting the white trendline while maintaining higher lows. RSI is now pushing above 55. Volume is also helping support the move.

Resistance is next in $3.008 to $3.066, 61.8% to 78.6% extension. Structure is bullish at and above $2.80 while we ride a clean rising channel up the middle.

Trade Idea: Buy $2.885 targeting $3.008, stop $2.82.

WTI Crude Oil Crashes Below $92 – Blue Channel Breakdown Confirmed

WTI crude oil has plunged past the $92 mark and is now changing hands for $91.94 on the 2h timeframe, in the wake of aggressive red engulfing candles breaking through the floor of a blue rising channel at $96.05, the red 50-period moving average at $98.14, and all other nearby Fib levels.

Bearish continuation from $102.77 high is picking up speed as we distribute into it with strong lower lows and rejection wicks. Price targets $89.96 to $88.55 Fib extension zone.

RSI is breaking below 40. Volume profile marks $100 to $102 as failed fair value and sellers took over. White descending trendline from may is the last chance at recovery near $97.20. Structure is 100% bearish at and below $96 while we drop inside of the large extension down channel. Resistance remains very strong and in play is a high timeframe $96.21 pivot.

Trade Idea: Sell $91.94 targeting $89.96, stop $93.00.

Brent Crude Oil Pulls Back to $95.79 – Channel Floor Tested

Brent crude oil is currently moving back into $95.79 on the 4h, as recent red candles tested the bottom of a blue rising channel as well as a red MA near $103.10. Higher lows from $94 low hold for now but lower highs signal weakening. RSI is hovering near 45 and showing neutral/bearish. Fib shows $94.75 as next support.

The volume shows $108 to $109 as heavy supply. Structure is neutral/bearish at and below $103 while currently defending the floor of a rising channel since April.

Trade Idea: Sell $95.79 targeting $94.00, stop $97.54.