Market Overview
Natural gas and crude oil markets held firm Monday, with WTI futures near $64 per barrel as traders assessed rising supply risks and prospects for monetary easing. Geopolitical tensions have heightened fears of disruptions to global energy flows, while continued demand from major consumers adds further uncertainty.
Stalled negotiations in Eastern Europe and attacks on energy infrastructure have reinforced concerns over fragile supply chains.
At the same time, expectations of U.S. rate cuts next month buoyed sentiment, with a softer dollar supporting energy demand. The dual forces of supply risk and monetary policy are setting the near-term tone for energy markets.
Natural Gas Price Forecast
Natural gas futures are trading at $2.65, attempting to stabilize after dipping to $2.62 support. On the 4-hour chart, the broader trend remains bearish, with price capped by a descending trendline from early August. Both the 50-EMA at $2.80 and the 100-EMA at $2.90 slope lower, reinforcing selling pressure.
The RSI sits near 32, close to oversold, hinting at a potential short-term bounce but not yet a trend reversal. Candlestick action shows long lower wicks near $2.62, suggesting demand at support.
Still, upside remains limited until price clears $2.74 resistance. If $2.62 breaks, targets at $2.56 and $2.50 come into play, while only a close above $2.80 would signal meaningful recovery.
WTI Oil Price Forecast
WTI crude oil is trading around $63.68, consolidating just under the $64.02 resistance. The 4-hour chart shows price recovering from the $60.72 low, with higher lows forming along a rising structure. Both the 50-EMA ($63.30) and 100-EMA ($63.99) are acting as nearby barriers, making this zone a key inflection point. RSI sits at 57, suggesting steady momentum without overbought pressure.
Natural Gas Price Forecast
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See all Natural Gas forecastsThe MACD remains above the zero line, signaling that momentum is still tilted toward buyers. A decisive close above $64.02 could open a move toward $65.12, while failure to break may lead to a pullback toward $62.55.
Brent Oil Price Forecast
Brent crude is trading around $67.26, consolidating after a sharp rebound from mid-August lows. On the 4-hour chart, price has broken its prior downtrend and is holding above a rising trendline from August 19. The 50-EMA at $66.99 and 100-EMA at $67.29 now act as key supports, signaling a shift toward bullish momentum.
RSI sits at 52, easing from overbought but leaving room for buyers to step back in. The MACD remains positive, though momentum is pausing.
Candlesticks with long lower wicks near $66.40 show demand at support. If Brent holds above $67, targets stand at $68.19 and $69.14, while a drop below $66.17 could risk deeper retracement.
