Natural Gas
Natural gas is losing ground as traders prepare to switch from November 2025 contract to December 2025 contract.
From the technical point of view, natural gas settled in a range between the support at $3.25 – $3.30 and the resistance at $3.55 – $3.60.
WTI Oil
WTI oil pulled back as traders evaluated the potential impact of sanctions on Russia’s biggest oil companies. Traders doubt that new sanctions will have a major impact on Russian oil exports.
A successful test of the support at $60.00 – $60.50 will open the way to the test of the next support level at $55.50 – $56.00.
Brent Oil
Brent oil is down by roughly 2.5% amid broad pullback in the oil markets. Traders take profits off the table after the strong rebound from recent lows.
In case Brent oil stays below the $64.50 level, it will head towards the support at $60.50 – $61.00.
Natural Gas Price Forecast
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