Market Overview
WTI crude oil futures climbed to $63.05 per barrel Monday as geopolitical tensions renewed concerns over potential supply disruptions. A recent strike on a major refinery with a capacity of 355,000 barrels per day heightened fears of reduced output and stricter sanctions.
Still, gains were tempered by slowing U.S. demand and expectations of a global surplus as OPEC+ boosts production.
The market now sits at a crossroads, balancing near-term risks to supply with longer-term headwinds from rising inventories, leaving energy traders closely monitoring whether demand or disruption proves the stronger driver in coming weeks.
Natural Gas Price Forecast
Natural gas is trading at $2.97, holding just above an ascending trendline that has supported price since late August. The 50-period EMA at $3.01 and the 200-period EMA at $3.07 are overhead, creating a resistance zone that bulls must clear to confirm further upside.
Immediate support sits at $2.89, followed by $2.81, while resistance levels stand at $3.06 and $3.14. The RSI is near 44, showing weak momentum but not yet oversold.
A break above $3.06 could signal recovery toward $3.14–$3.21, while failure to hold $2.89 risks a deeper move toward $2.81 or $2.69. Traders remain cautious around these levels.
WTI Oil Price Forecast
WTI crude oil is trading at $63.05, struggling to push beyond the descending trendline drawn from earlier September highs. The 50-period EMA at $63.09 is acting as immediate resistance, while the 200-period EMA at $64.07 remains a key barrier above.
Natural Gas Price Forecast
Every new Natural Gas analysis as it publishes, today's technical signal and key levels, live price — on one page.
See all Natural Gas forecastsSupport sits at $62.42, followed by a stronger floor at $61.53. Recent candles show indecision, with buyers defending dips but failing to build momentum. The RSI at 51 suggests neutral conditions, neither overbought nor oversold.
A close above $63.50 could encourage a move toward $64.00, while a break below $62.42 risks a retest of $61.50. Traders remain cautious until confirmation.
Brent Oil Price Forecast
Brent crude oil is trading at $67.35, consolidating inside a symmetrical triangle pattern that has narrowed price action. The 50-period EMA at $66.96 and the 200-period EMA at $67.41 are almost overlapping, reinforcing indecision and signaling that a breakout is approaching.
Resistance sits at $67.76 and $68.49, while support is seen at $66.74 and $65.73. The RSI is currently near 55, pointing to balanced momentum without clear overbought or oversold conditions.
A close above $67.76 could drive prices toward $68.50 and $69.55, while a breakdown below $66.74 risks a slide toward $65.73. Traders are watching for confirmation from volume to validate the next move.