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Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Markets Gain Ground As Crude Inventories Drop

By: 
Vladimir Zernov
Natural Gas, WTI Oil, Brent Oil Forecasts

Key Points:

  • Natural gas attempts to settle below the support at $2.70 - $2.75.
  • WTI oil moved higher as traders focused on the EIA report.
  • Brent oil climbed towards the $67.00 level.

Natural Gas

Natural Gas
Natural Gas 200825 Daily Chart

Natural gas remains under pressure as traders stay focused on bearish weather forecasts.

In case natural gas declines below the $2.70 level, it will move towards the support at $2.50 – $2.55.

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WTI Oil

WTI Oil
WTI Oil 200825 Daily Chart

WTI oil gains some ground as traders react to the EIA report, which indicated that crude inventories decreased by -6 million barrels from the previous week.

From the technical point of view, WTI oil is slowly sliding towards the support at $60.00 – $60.50.

Brent Oil

Brent Oil
Brent Oil 200825 Daily Chart

Brent oil moved higher as traders focused on EIA data and geopolitical developments.

A move above $67.00 will lead to the test of the nearest resistance at $67.50 – $68.00.

Natural Gas Price Forecast

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About the Author

Vladimir ZernovFutures Trading Expert

Vladimir is an independent trader, with over 18 years of experience in the financial markets. His expertise spans a wide range of instruments like stocks, futures, forex, indices, and commodities, forecasting both long-term and short-term market movements.

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