Natural Gas and Oil Forecast: WTI Pauses Near $65 – Break Higher or Fade Back?

Market Overview

Oil prices rose after geopolitical tensions brought back a risk premium in energy markets. WTI crude went up more than 1% to trade above $64 per barrel, recovering from earlier losses as new security alerts raised worries about possible supply problems in a key producing area. Negotiations to ease tensions are still uncertain, so traders remain careful.

Meanwhile, Saudi Arabia lowered its official selling prices to Asia to the lowest point since late 2020. This move suggests there is plenty of supply, but the small size of the cut also shows that demand is expected to stay steady.

In other regions, attacks on energy infrastructure in Eastern Europe made markets more uneasy. Even with Friday’s price increase, crude oil is still set for its first weekly drop in six weeks, showing a delicate balance between geopolitical risks and signs of too much supply.

Natural Gas Price Forecast: NG Consolidates Above $3.15 as Bullish Structure Stays Intact

Natural gas futures are trading around $3.49 on the 4-hour chart after a strong rally and a steady pullback. Recent candlesticks have small bodies and short wicks near $3.40 to $3.50, which suggests the market is consolidating instead of selling off. The price is staying above a demand area near $3.15, which used to be resistance before the breakout.

The rising trendline from late January is still in place, and the price is above the 50-EMA near $3.20, which keeps the short-term outlook positive. The 200-EMA around $2.10 is also moving higher, showing that the overall trend is up. A Fibonacci retracement of the recent move shows the price holding above the 38.2% level, which supports the idea that this is a pause in an uptrend, not a reversal.

RSI is close to 55, which shows momentum is balanced and there could be more upside if buyers step in. If the price moves above $3.60, it could reach $4.00 to $4.45. If it falls below $3.15, the setup would become weaker.

Trade idea: Look to buy on dips near $3.20, aim for $4.00, and set a stop below $3.00.

WTI Oil Price Forecast: Holds $64 Support as Uptrend Slows Near Key Resistance

WTI crude oil is trading around $64.10 on the 4-hour chart, consolidating after a strong rally from the $56 low. Recent candlesticks have small bodies and mixed wicks, which shows the market is hesitating instead of selling off. The price is still above the rising trendline from early January, so the overall outlook stays positive.

The market is staying above the 50-EMA near $62.70, and the 200-EMA around $59.80 is moving higher, which means the medium-term trend still favors buyers. But the price has failed several times near $65.10 to $66.45, showing strong resistance and creating a short-term range instead of a clear breakout.

A Fibonacci retracement of the latest upswing shows the price holding above the 38.2% level near $62.70, with stronger support at $61.20. RSI is around 55, which suggests momentum is balanced and not overbought.

Trade idea: Look to buy near $62.70, aim for $65.80, and set a stop below $61.20.

Brent Oil Price Forecast: Reclaims $68 as Buyers Defend Rising Trendline

Brent crude is trading around $68.40 on the 4-hour chart after bouncing back from the $67.00 area. Recent candles have higher lows and small upper wicks, which points to steady buying instead of a big breakout. The price is staying above the rising trendline from mid-January, so the short-term outlook remains positive.

The market remains above the 50-EMA near $67.10, while the 200-EMA around $64.30 continues to slope higher, reinforcing the broader uptrend. A prior sell-off left a long bearish candle near $69.00, marking a supply zone that is still capping upside attempts. As a result, Brent is trading in a tightening range between $67.00 support and $69.05 resistance.

A Fibonacci retracement of the last move up shows the price holding above the 38.2% level, which matches up with trendline support. RSI is close to 55, showing steady momentum without signs of exhaustion.

Trade idea: Look to buy near $67.20, target $70.50, and set a stop below $65.40.